Nardis was formed in 1992 in Farab Company before its establishment as a separate company. Initially, power generation was Farab’s core business. After one decade of experience in power generation, a certain department was assigned for executing oil and gas projects in 2002. Farab decided to involve in large scale oil and gas projects with collaboration of IOEC (Iranian Offshore Engineering and Construction Company) in 2007. After signing a bilateral collaboration agreement, Nardis was officially established in 2007 with 51% of the shares belonging to Farab and 49% to IOEC. Farab shifted its relevant team to the newly established company for execution of existing projects as well as new projects. Also In 6th of January, 2013, Nardis has received "A" grade in Oil, Gas and Petrochemical in EPC project from President Deputy Strategic Planning and Control.