Engineers India Ltd (EIL), a top public sector engineering consultancy company, has declared that it has won orders worth ₹2.45 billion, thereby enhancing its reputation as a global player in managing projects and offering engineering services. These orders comprise two major international orders worth ₹730 crore (₹7.3 billion) from Middle East clients and other local projects.
Major Points:
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Global Contracts: Two key contracts were won by EIL in the Middle East for Project Management Consultancy (PMC) and Engineering & Project Management Services. The PMC contract is for ₹650 crore, and the engineering services contract is for ₹80 crore. Both assignments are multi-year in nature and reflect EIL's increasing image in the international arena.
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Domestic Expansion: Following up on its international successes, EIL has garnered extra domestic orders, bringing its total order book to ₹2.45 billion.
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Strategic Significance: These awards have emphasized significant infrastructure development like hydrocarbon opportunities and high-tech engineering solutions.
Buoyant Market Reaction:
Upon announcement, EIL's shares witnessed buoyancy, attesting to the trust investors reposed in the firm's growth record. These successes are likely to drive substantial financial improvement for EIL over the next couple of quarters, feel analysts.
EIL is still utilizing its experience to grow internationally while it continues to dominate India's engineering industry.
Sources: Business Today, Angel One, Indian Chemical News; March 31, 2025