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Engineers India gets Rs 46.81 billion business; Order book now Rs 113.5 billion
Industry News- Sep 12,24
The core oil and gas sector remains the primary contributor to EIL's orders, although recent years have seen increased contributions from infrastructure and green energy segments.
Engineers India Limited (EIL) has secured new business worth Rs 46.81 billion up to August 31, 2024, bringing its total order book to Rs 113.5 billion.
The core oil and gas sector remains the primary contributor to EIL's orders, although recent years have seen increased contributions from infrastructure and green energy segments. Vartika Shukla, Chairman noted that the company's order book was Rs 78.23 billion as of March 31, 2024. The domestic segment drove growth, contributing Rs 29.07 billion for the financial year 2023-24, while the total order inflow for FY24 was Rs 34.06 billion.
EIL has expanded its global presence with the completion of an oil refinery project in Nigeria and has entered markets in Algeria and Kuwait. Additionally, the company is advancing in the biofuels sector, providing services for Assam Biorefinery Private Limited (ABPL) and leading initiatives to establish Bio-ATF plants.
(moneycontrol)
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