Aarvi Encon wins the following work orders from Bharat Oman Refineries Ltd. The work ordered considered material in the opinion of the authorized key managerial personnel for determining the materiality of an event or disclosures as per the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The Company has received a contract of INR 104,760,000 annually for providing Management, Operations and Maintenance (O&M) Services for Bina Dispatch Terminal (BDT) of BORL, Bina, District Sagar, Madhya Pradesh, India. The contract is for a period of 5 years (60 Months) and the Company will commence the work, effective February 01, 2021. The aforesaid contract price has been fixed for the first year (12 months) and thereafter the contract prices from 2nd year onwards will be computed based on CPI and/or WPI Indices as per tender conditions. Total work order value will be more than INR 500 million in 5 years.