Vectras Enprocon Ltd IPO

About Vectras Enprocon Ltd

Our Company was originally incorporated on May 18, 2021 under the name and style of `Vectras Enprocon Private Limited', pursuant to a certificate of incorporation, dated May 18, 2021, issued by the Assistant Registrar of Companies, Central Registration Centre. Subsequently, our Company was converted from a private company to a public company, pursuant to a resolution passed by our Shareholders at the extraordinary general meeting held on March 03, 2025, pursuant to which the name of our Company was changed from Vectras Enprocon Private Limited to Vectras Enprocon Limited and a fresh certificate of incorporation was issued by Registrar of Companies, Central Registration Centre on April 04, 2025. The corporate identification number of our Company is U45309GJ2021PLC122680.

India is currently the 3rd largest energy and oil consumer in the world, after China and US. India's oil consumption is projected to rise significantly by 50% by 2030, compared to a global demand increase of only 7%. For natural gas, the country's consumption is projected to double from 64 billion cubic meters (BCM) in 2019 to 115 BCM in 2030. As of March 31, 2025, the total length of the crude oil pipeline network in India is 10,446 kilometers, boasting a capacity of 153.1 million metric tons per annum (MMTPA). During FY 2024- 25, the utilization of crude oil pipelines stands at 66.5%. Product pipelines, inclusive of LPG, form a comprehensive network spanning 24,130 kilometers with a capacity of 145.8 MMTPA. During FY 2024-25, the utilization of product pipelines reached 71.1%, an increase from 68.9% in FY 2023-24. Pipelines are essential for transporting Oil & Gas, offering safe, reliable, and cost-effective transport compared to road and rail. They ensure a continuous supply of resources to refineries, industries, and power plants, aiding in uninterrupted production and electricity generation. Pipelines have lower maintenance needs and energy consumption, leading to reduced transportation costs and economic benefits.

We are Gujarat based Engineering, Procurement and Construction (EPC) company operating in the Midstream and Downstream segment of Oil & Gas Industry. We are an Oil & Gas infrastructure service provider having presence in multiple states, focused on laying pipeline networks and combined station works along with construction of associated facilities. We provide integrated solutions to the Oil & Gas sector, which includes (i) Combined station works (ii) Midstream and downstream pipeline projects and related facilities, and (iii) Other allied services. Under the leadership of our experienced and first-generation promoters, we have established a strong track record in delivering comprehensive EPC services in Oil & Gas industry such as design, engineering, procurement, construction, testing and commissioning of Oil & Gas stations and cross-country pipelines, spur pipelines, city gas stations and related civil and mechanical works.

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