Schedule a Call Back
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)
Related Stories
Machine Tools & Accessories
India’s stainless steel demand rises 8% in FY25, says ISSDA
India’s installed stainless steel production capacity currently stands at 7.5 million tonnes, with a utilisation rate of around 60%.
Read moreElectrical & Electronics
Saatvik Green begins construction for new solar manufacturing plant in Odisha
The facility is being developed on land sub-leased from Tata Steel Special Economic Zone Limited (TSSEZL)
Read moreElectrical & Electronics
India set to attract over Rs 80 bn investment in energy sector at IESW 2025
Strengthening the Government of India’s role as a global manufacturing hub, India Energy Storage Week 2025 - hosted by India Energy Storage Alliance (IESA) - will provide a launchpad for multiple ..
Read moreRelated Products
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
