Engineers India Ltd

Engineering Sustainable Energy Infrastructure Globally

With a rich legacy spanning nearly six decades, Engineers India Limited (EIL) has emerged as India's premier 'Total Solution' engineering consultancy company, offering design, engineering, procurement, construction and integrated project management services worldwide adhering to the highest quality and safety standards.

We are steadfast in our commitment to create sustainable energy infrastructure, to reduce carbon emissions, enhance energy security and help accelerate socio-economic development. We also continue to uphold the highest standards of corporate governance, transparency and accountability, ensuring that the interests of all our customers and other stakeholders are protected.

Over the decades since our inception, we have participated in India's stellar journey from a developing nation to an emerging superpower. We continue to play a pivotal role in shaping the national energy infrastructure and are contributing our expertise to other crucial sectors for nation-building. On the strength of our robust credentials in India, we are implementing mega projects in diverse geographies globally.

FINANCIAL PERFORMANCE AND STRATEGIC OUTLOOK

Despite a challenging global environment, EIL's financial performance during the reporting year remained robust. For the year ended March 31,2024, your Company recorded a turnover of H3,232 crore. The Consultancy & Engineering segment generated H1,454 crore, while the Turnkey segment contributed H1,778 crore. The Profit After Tax stood at H357 crore (Profit before tax: H470 crore). On a consolidated basis, your Company earned a profit of H445.26 crore.

While the overall revenue remained comparable to the previous year, the Consultancy & Engineering segment experienced an increase of 3%. On the consolidated front, EIL witnessed a significant 29% increase in profit year-on-year, from Rs.346 crore to H445 crore. Your Company's debtor position improved, declining to 35 days of turnover in the current financial year (FY 2023-24), compared to 39 days (FY 2022-23) in the previous year, improving our cashflow.

EIL's financial strength enables efficient expense management. The Company's prudent financial management prioritises internal funding and, as a majority government-owned PSU, we have a strong dividend paying track record. Exceeding minimum requirements, EIL has distributed H4,340 crore in dividends since inception, including H3,105 crore to the Government of India.

Five Key Pillars of EIL's Strategic Growth:

EIL has strategised its growth plan with a five-pronged strategy of Strategic collaboration, Diversification in new areas, Innovation through Technology, Expanding Geographies and Operational Excellence.

In all these areas, EIL has made significant progress in the previous year and is accelerating its efforts to increase revenue by securing more business in the sunshine areas beyond its robust oil & gas portfolio both in India and overseas.

For instance, your Company achieved a strong business performance in FY 2023-24, securing a total of H3,406 crore in new contracts. Our domestic segment remains a significant driver of growth, accounting for H2,907 crore of this total. Within the domestic segment, we secured a healthy mix of OBE/LSTK (Owning, Building, Equipping, Leasing/Lump Sum Turnkey) assignments valued at H 2,111 crore. This demonstrates our continued commitment to delivering complex engineering projects in India. Our domestic consultancy business also performed well, securing H796 crore in new orders.

Our overseas segment secured H499 crore worth of business. Speaking of our international footprint, we are excited to announce our re-entry into two key markets. We secured an assignment in Algeria for FEED and PMC services for a new NHT/CCR reforming unit, showcasing our expanding capabilities in the region. Additionally, we were awarded a FEED contract for the revamp of the AGRP unit at the MAA Refinery in Kuwait. These projects mark a significant milestone in our international growth strategy.

Aligning with this strategy, the organisation's new vision statement "To be a Global Leader Offering Total Energy Solutions for a Sustainable Future" clearly showcase the company's commitment in this direction.

DOMESTIC CONSULTANCY SERVICES Upstream Oil and Gas

EIL has maintained its strong position in the Upstream Oil and Gas and LNG sectors this year. We successfully achieved significant milestones on several key projects.

Firstly, we completed the mechanical completion of all three EPC (Engineering, Procurement and Construction) packages for the LNG Import, Storage and Regasification Terminal Project in Chhara, Gujarat. Furthermore, we successfully commissioned the SPM (Single Point Mooring) systems for the crude handling facility at Vadinar, Gujarat, further enhancing India's import capabilities.

Our expertise continues to be in high demand. We are currently undertaking a diverse range of projects in this segment. These include developing a Detailed Feasibility Report (DFR) and Front-End Engineering Design for HPCL's LPG Import Jetty at Dahej, Gujarat and conducting a study for GAIL to explore potential ports for importing Ethane on the Western Coast of India. Additionally, we are providing consultancy services for the life extension of Wellhead Platforms 1,2 and 4 for ONGC.

We are also actively involved in several large-scale LNG projects. We are serving as the Project Management Consultant (PMC) for HPLNG's LNG import, storage and re-gasification terminal at Chhara, Gujarat, with a potential expansion capacity of 10 MMTPA (Million Metric Tonnes Per Annum). We are also providing EPCM (Engineering, Procurement and Construction Management) services for the expansion projects of Petronet LNG Ltd'.s Dahej Regasification Terminal, significantly increasing India's LNG handling capacity.

Pipeline

EIL has established an outstanding track record in design, engineering and execution worldwide. We offer a comprehensive range of services throughout the entire project lifecycle, from initial feasibility studies to EPC (Engineering, Procurement and Construction Management) and PMC (Project Management Consultancy) services, all the way to integrity studies. Our proven track record in executing

complex pipeline projects in diverse geographies and terrains makes EIL a highly sought-after technical consultant for major clients in the oil and gas industry.

During FY2023-24, we successfully completed a variety of pipeline projects, including PMC services for the Kochi-Salem LPG Pipeline and the installation of a Gas Turbine Compressor at GAIL's Gandhar facility in Gujarat. We are currently executing a significant number of major pipeline projects for various clients, including capacity augmentation of the Jamnagar-Loni LPG Pipeline for GAIL, the 827 km Dobhi-Durgapur-Haldia Natural Gas Pipeline and the 18" x 680 km Nagpur-Jharsuguda section of the Mumbai-Nagpur-Jharsuguda Natural Gas Pipeline Project.

Petroleum Refining

Your Company has carved a significant niche in the Petroleum Refining sector of India. We have a proven track record, having been involved in 20 out of 23 operational refineries in the country, including 10 grass root refineries. Our expertise spans a wide range of projects, from major undertakings such as Diesel Hydro- desulphurisation and Fuel Specification Upgradation projects to revamps and modernisation initiatives for leading oil and gas companies.

This past year, we successfully completed a multitude of refinery projects. A major highlight of the year is the successful completion of the HPCL Visakhapatnam Refinery Modernisation Project (VRMP), In another important project, we delivered the LOBS-II Project (CDWU & OHCU Revamp) for CPCL's Manali Refinery, significantly enhancing its capacity. Additionally, we were entrusted with the EPCM services for MRPL Refinery's BS-VI project, ensuring their products meet the latest emission standards.

We played a critical role in selecting a BOO (Build-Own-Operate) contractor for the NRL's Numaligarh Refinery Expansion Project (NREP) HGU (Hydrogen Generation Unit). Additionally, we provided Phase-I PMC and FEED Services for the DCU Revamp Project at Nayara Energy's Vadinar Refinery. We conducted a Site Development

Study for RRPCL's ambitious 20 MMTPA West Coast Refinery and Petrochemical Complex project.

We are nearing completion of the world's largest Residue Upgradation Unit (RUF) with a capacity of 3.55 MMTPA for HRRL's 9.0 MMTPA Rajasthan Refinery Project. Similarly, for IOCL's Barauni Refinery Capacity Expansion Project, we provided EPCM services for their Coker-B Revamp, significantly increasing its processing capacity. We are also deeply involved in the ongoing expansion of IOCL's Panipat Refinery, providing Phase-II Consultancy for overall project management and EPCM/PMC services. Additionally, we are consultants for the Green Hydrogen Plant project at Bharat Oman Refinery, a testament to our commitment to clean energy solutions.

Petrochemicals

In addition to our pre-eminence in Petroleum Refining, EIL holds a distinguished record in India's Petrochemicals sector. We have played a pivotal role in establishing several large-scale Petrochemical Complexes, providing comprehensive Engineering Consultancy services across various processes.

This past year, we conducted a Techno-Economic Valuation (TEV) study for HMEL's 1.2 Million Metric Tonnes Per Annum (MMTPA) Petrochemical Project, acting as a trusted advisor to State Bank of India (SBI). Moreover, we leveraged our expertise to provide Due Diligence reports, such as the technical assessment of JBF Petrochemicals' PTA plant for GAIL/SBI Capital.

We were entrusted with Licensor Selection, Engineering and Construction Management (LEPCM) services for Assam Petrochemicals Limited's 500 Tonnes Per Day (TPD) Methanol Project, along with its associated facilities. For Petronet LNG Ltd., we played a key role in finalising the Master Plan and Pre-feasibility report (PFR) for their proposed 500 KTPA PDH/PP/Propylene-based Derivatives Petrochemical Complex at Dahej, Gujarat.

We are making significant progress on the Hydrogenated Pyrolysis Gasoline (HPG)-2, Butene-1 and Pressure Swing Adsorption (PSA) units for BCPL. Similarly, we are providing EPCM services for the 500 KTPA Propane Dehydrogenation (PDH)/Polypropylene (PP) Unit at GAIL's Usar facility in Maharashtra.

Storage of crude and petroleum

Recognising the importance of energy security, EIL is actively involved in the Government of India's Strategic Crude Oil Storage Programme. This critical initiative aims to create a buffer stock of crude oil by storing it in underground caverns, mitigating the impact of potential disruptions in foreign oil supplies.

This past year, we have achieved a milestone in our Project Management Consultancy (PMC) services for a strategic storage project undertaken by HPCL. The project involves storing 80,000 Metric Tonnes (MT) of Liquefied Petroleum Gas (LPG) in underground rock caverns at Mangalore, Karnataka. While the Strategic Storages segment is currently a nascent area for EIL, we are committed to

leveraging our expertise and experience to contribute to this vital national programme.

Metallurgy

EIL has also established itself as a leading Engineering Consultancy Service Provider in the non-ferrous metallurgy sector of India. We have a proven track record of successfully executing numerous greenfield smelter and alumina refinery projects across the country. In the previous year, we delivered exceptional services on a multitude of key metallurgy assignments.

For NALCO's Alumina Refinery at Damanjodi, Odisha, we provided consultancy services for the procurement and installation of a Reclaimer and its associated facilities. Furthermore, we assisted NALCO in preparing a Detailed Project Report (DPR) and selecting the optimal technology for their Bauxite Conveying System, which will transport bauxite from Pottangi mines to their Damanjodi refinery.

Our ongoing projects showcase our growing footprint in the Metallurgy segment. We are providing consultancy services for NALCO's retrofitting of HRD (High-Rate Decanter) and DCW (Deep Cone Washer) units across three streams at their Damanjodi facility. Additionally, we are working on NALCO's 2nd Raw Water Intake Pump House and Pipeline project, ensuring a reliable supply of water for their refinery operations.

Our expertise extends beyond the aluminium sector. We were entrusted by IPICOL to assess the land and water requirements for Bhushan Power and Steel Limited's (BPSL) proposed expansion of their existing 5 Million Tonnes Per Annum (MTPA) integrated steel plant to 15 MTPA at Jharsuguda, Odisha.

Infrastructure

We are proud to partner with key clientele on some of India's most significant infrastructure projects. This past year, we successfully completed a diverse set of projects. For the National High-Speed Rail Corporation Limited (NHSRCL), we provided Supervision and PMC services for their high-speed rail terminal project at Sabarmati,

Gujarat. Additionally, we delivered PMC services for the construction of a residential complex for the Unique Identification Authority of India (UIDAI) in Delhi. Our dedication to quality is evident in our role as Third-Party Inspectors (TPI) for ONGC's India Energy Week (IEW) 2024 infrastructure-related works at IPSHEM, Goa.

We are continuing to provide Open Book Estimate (OBE) services for the upgrade of ONGC's IPSHEM institute in Goa to a world-class facility. Furthermore, we are serving as the Principal Consultant Firm (PCF) for the Reserve Bank of India's (RBI) greenfield Data Center and Training Institute project in Bhubaneswar, Odisha. We were additionally entrusted with the construction of a multi-storied building for the Intelligence Bureau's integrated office-cum-data centre complex in Delhi.

Airport

EIL has established itself as a key player in India's Airport sector. We offer a comprehensive suite of project management services, including DPR (Detailed Project Report) preparation, Independent Engineering services and PMC (Project Management Consultancy) services.

This past year we played a pivotal role in preparing the DPR for the development of a greenfield international airport at Chinen in Great Nicobar Island. We leveraged our expertise to provide independent cost assessments for Bangalore International Airport Limited, ensuring project financial viability. Additionally, we were entrusted with Independent Engineering Services for the development and expansion of Delhi's Indira Gandhi International Airport (IGI Airport), contributing to the expansion of India's largest airport.

We are making significant progress on several ongoing airport projects. For instance, we are providing PMC services for the construction of the domestic terminal at Leh Airport, improving regional air connectivity. We are serving as Independent Engineers for the Bhogapuram International Airport project, ensuring the project adheres to the highest safety and quality standards.

Water and Waste Management

We offer a comprehensive range of services for water treatment projects, including the design and implementation of raw water intake and treatment systems, desalination plants, cooling water plants, water injection plants and various purification systems. Recognising the growing need for sustainable solutions, we have also developed standard modules for municipal sewage treatment plants and standalone recycling plants.

This past year, we provided PMC services for the development of final effluent treatment and infrastructure facilities at the Jhagadia Pumping Station, contributing to cleaner water discharge. Furthermore, we leveraged our expertise to conduct a technical and financial audit of infrastructure works undertaken by various Urban Local Bodies (ULBs) in Punjab for the Punjab Municipal Infrastructure Development Company (PMIDC). Additionally, we delivered PMC services for the construction of a sewerage system in Ponda Colony, Goa, for the Sewerage and Infrastructure Development Corporation of Goa Limited (SIDCGL). These projects highlight our commitment to improving India's water and sanitation infrastructure.

We are currently conducting a technical assessment and providing transaction advisory services for Bio-Methanation and Waste-to- Energy projects on behalf of the Ministry of Housing and Urban Affairs (MoHUA), promoting sustainable waste management practices. Additionally, we are providing PMC services for the construction of critical water infrastructure at Narmada Clean Tech's (NCT) Final Effluent Treatment Plant in Ankleshwar, Gujarat.

Fertilisers

EIL recognises the strategic importance of the fertiliser sector in India and is actively leveraging its capabilities to capitalise on exciting growth opportunities, both domestically and internationally. We hold a 26% equity stake in a Joint Venture company, Ramagundam Fertilsers and Chemicals Ltd. (RFCL), alongside NFL and FCIL. This JV was established to spearhead the revival of the Ramagundam Fertiliser Project in Telangana. The project is a resounding success story, with the plant currently operating at full capacity and having been dedicated to the nation by the Honorable Prime Minister of India.

We are currently conducting a Techno-Commercial Viability study and preparing a Detailed Project Report (DPR) for a Technical and Food Grade Phosphoric Acid Project at GSFC's Sikka Unit in Jamnagar, Gujarat. This project aligns with our commitment to supporting the development of new fertiliser production facilities in India.

During the reporting year, we completed a Detailed Feasibility Study for a significant project- a 4,000 Tonnes Per Day (TPD) Green Ammonia Plant and its associated facilities for HMEL. This project represents a major step forward in India's efforts to achieve selfsufficiency in ammonia production.

Coal

Coal still accounts for 55% of our country's energy needs. EIL is actively involved in providing consultancy services for various coal- based projects in India, recognising coal's continued importance

in the country's energy mix. Currently, we are making significant progress on two key projects in this segment.

For Neyveli Lignite Corporation Limited (NLCIL), we are providing PMC services for pre-award activities related to their Lignite to Methanol via Gasification Project in Neyveli, Tamil Nadu. This project includes the preparation of tender documents, the tendering process and the selection of a suitable firm for project execution on a Lump Sum Turnkey (LSTK)/LEPC/EPC basis. The successful implementation of this project has the potential to revolutionise India's fuel landscape by converting lignite into a cleaner-burning and versatile fuel source like methanol.

Additionally, we are conducting a techno-economic feasibility study for Singareni Collieries Company Limited (SCCL). This study explores the establishment of a plant capable of producing 400 TPD (Tonnes Per Day) of Ammonium Nitrate Melt through the gasification of coal within SCCL's command areas.

Green Business on the Rise

In addition to engineering excellence, EIL emphasises environmental stewardship and social responsibility in all its projects. The Company is at the forefront of India's transition towards a cleaner energy future through our offerings in the alternative fuels sector. We are proud to be providing EPCM (Engineering, Procurement and Construction Management) services for the Assam Bio Refinery Project - the first- of-its-kind facility in India. The Biorefinery is intended to produce 2G Ethanol, along with other value-added chemicals to fulfill the Ethanol blending requirement in the northeastern region of our country. The Ethanol Blended Motor Spirit System (EBMS) has already been commissioned and the remaining construction activities are nearing completion.Additionally, This project represents a significant milestone in India's journey towards biofuel adoption.

It is worth noting that EIL is also spearheading the country's Bio-ATF project implementation crusade to decarbonise the aviation sector. The company has already prepared the Basic Engineering and Design Package (BEDP) for MRPL intended to produce Sustainable Aviation Fuel (SAF) from Used Cooking Oil (UCO). EIL is offering this HEFA-based technology, in collaboration with CSIR-IIP, Dehradun.

Our commitment to alternative energy extends beyond biofuels. We recently secured the opportunity to provide PMC services for setting up a 13.7 MWp rooftop solar project for HMEL Green Energy Pvt. Ltd. The project will contribute to India's growing renewable energy capacity. Furthermore, we were entrusted with Independent Engineer services for the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) by the Ministry of Heavy Industries, Government of India. This project aligns with our mission to support the development and manufacturing of cutting-edge battery technologies in India.

Moving further, EIL executed an MoU with M/s Sunrise CSP Group, Australia for providing services to integrate Concentrated Solar Thermal (CST) technology in the existing process units to reduce the consumption of fossil fuels. For instance, around 10% reduction in the crude heater duty can be achieved by integrating Concentrated Solar Technology (CST) in the crude preheating train showcasing its potential to reduce the GHG emissions in the fossil fuel firing in refinery processes.

As you know, Oil & Gas sector in India has already initiated activities to install green hydrogen production facilities using different water electrolysis technologies available in the market. EIL has also established itself as a key player in green hydrogen value chain fully aligned with the GoI's Green Hydrogen Mission to enhance the country's green hydrogen production capacity to 5 MMTPA by the year 2025. The company is already providing services to several clients in India for the production of green hydrogen/ green ammonia through the water electrolysis pathway.

For instance, EIL is providing EPCM services to GAIL for the execution of the balance of plant (BoP) and associated facilities for the installation of a 10 MW green hydrogen production facility in Vijaipur, Uttar Pradesh. This plant is designed to produce 4.3 tonnes per day (TPD) of green hydrogen using renewable energy from the grid and has been recently commissioned.

EIL is anticipating more business in the emerging green energy sectors in the years to come leveraging its strong design and engineering capabilities and diversified experiences across industrial sectors.

TURNKEY PROJECTS

EIL offers a comprehensive range of turnkey project solutions, delivered through both LSTK (Lump Sum Turnkey) and OBE models. This past year, we successfully completed the revamp of Slug Catcher IIA (5 Fingers) at ONGC's Uran Plant in Maharashtra, demonstrating our expertise in executing complex projects.

We are also making significant progress on several ongoing OBE/ LSTK projects. These include the replacement of compressor units at ONGC's Uran facility, the restoration of the Gas Terminal Phase-1 at ONGC Hazira and the modernisation of the Vizag Refinery. Additionally, we are revamping Slug Catchers at the Uran Plant and executing residual utilities and offsites for the Rajasthan Refinery Project.

EXPANDING THE INTERNATIONAL FOOTPRINT

EIL is actively engaged in diverse overseas projects, validating expertise and global reach. Our overseas operations are thriving, with ongoing projects in engineering, design and construction supervision for refineries, pipelines and power plants across Africa, Asia and the Middle East. We recently completed a successful year,

delivering key projects such as the India-Bangladesh Friendship Pipeline and a FEED study for an LNG terminal in Nigeria. In addition, we are providing design and detailed engineering services for cryogenic storage tanks for Ethane and Propane in Aja Energy FZE, Nigeria.

One of our most prestigious endeavours is the Dangote Refinery and Petrochemical Project in Nigeria. This colossal undertaking involves EPCM services for a 6,50,000 BPSD grass root petroleum refinery and an 830 KTPA petrochemical complex, making it the world's largest single-train refinery.

Further,we are providing PMC services for two additional grass root refineries: a 3.0 MMTPA facility for Eastern Refinery Limited in Bangladesh and a 1.5 MMTPA refinery in Mongolia. The Mongolia Refinery project, financed by a Line of Credit from the Indian government, is being executed through four EPC packages. While initial work on EPC 1 is nearing completion, engineering, procurement and construction activities for EPC 2 and 3 (Open Art Units, Utilities and Offsites and Captive Power Plant) are ongoing. This project is a testament of EIL's capabilities to handle complex project in harsh climatic conditions like Mongolia.

Our international reach extends to Guyana, where we are serving as consultants for the supervision of the Guyana Integrated NGL Plant and 300 MW CCGT Power Plant. Significant progress has been made on engineering and procurement, with some of the activities nearing completion.

We are excited about a number of recently secured overseas assignments. These include various engineering services for ADNOC in the UAE, encompassing projects like the SARB Produced Water Treatment Project, facility upgrades for MOL Welding Workshop and JD and a FEED study for replacing an obsolete F&G detection

system. Furthermore, we are undertaking FEED services for HALON Systems Replacement and the RMU Substation in ADNOC Offshore.

Our expertise extends beyond the Middle East, with projects in North Africa like the design and PMC services for a new NG/Off Gas fired boiler for Dangote Fertiliser in Nigeria. We are also providing FEED and PMC services for the NHT-CCR Reforming Unit at Arzew Refinery in Algeria, along with engineering services for Sonatrach to reduce flare gas emissions from the Ourhoud Field. Furthermore, we are contributing to the modernisation of Bahrain's refining sector through the design package preparation for a desalination installation. In Kuwait, we are consultants for the FEED and ITB preparation for revamping the existing AGRP-1 Unit at MAA Refinery.

In recent years, EIL has enhanced its presence in the prestigious global energy events including World Petroleum Congress, World Economic Forum Annual Meeting at Davos, India Energy Week etc.

The company had a significant footprint in the 2^nd Edition of India Energy Week 2024 (lEW 2024), held during February 6-9 at ONGC IPSHEM in Goa, under the patronage of the Ministry of Petroleum & Natural Gas (MoPNG). The company showcased its advanced technological solutions in Oil & Gas, Petrochemicals and Green Energy at its pavilion.

The custom-curated Petrochemical Pavilion, in collaboration with MoPNG, highlighted the sector's growth potential featuring key stakeholders. The 'Make in India' theme pavilion underscored our commitment to fostering se lf-reliance in the energy sector. lEW 2024 provided an exceptional platform for networking. knowledge exchange and exploring new business opportunities, attracting both domestic and international participants. We thank all our partners stakeholders and visitors for their enthusiastic participation and look forward to continued collaboration in driving innovation and sustainability in the energy industry.

SUSTAINABLE TO THE CORE- LEADING BY EXAMPLE

EIL has crafted a decisive pathway to net-zero emissions by 2035. We are implementing a multi-phased plan with a strong focus on energy efficiency. This includes utilising Building Management Systems to optimise HVAC operations in our facilities and significantly expanding solar power at our Gurugram headquarters and branch offices. We are even exploring wind power with a pilot project.

Sustainability is at the heart of our operations. We have transitioned to digital platforms to minimise paper usage and implemented resource optimisation strategies. To further reduce our carbon footprint, we are encouraging employee adoption of electric vehicles through incentives. These efforts have already yielded a 6% reduction in emissions.

DIGITALISATION AND AUTOMATION

Integrating AI in Systems and Processes Digital technologies and AI are revolutionising the energy industry by making operations more efficient, sustainable and customer-focused. These advancements are critical for addressing the challenges of energy demand, resource

management and environmental impact, paving the way for a more resilient and sustainable energy future.

At EIL, we recognise that digital technologies are revolutionising the engineering sector in an unprecedented manner. To harness this transformative potential, we have established a dedicated Digital Technology Solutions (DTS) division. This team brings together our extensive engineering and project management expertise with cutting-edge advancements in information technology and artificial intelligence.

We have developed an indigenous Earthquake Warning System, currently operational in the Delhi Metro network to mitigate the impact of seismic events. We launched EngAICosting, an AI-powered tool that leverages project data to generate accurate procurement cost estimates. In addition, we introduced EngProjectView, a realtime digital project monitoring platform with insightful dashboards, empowering stakeholders with actionable data-driven insights. In the sustainability arena, we completed EngCO₂ [^si?i, a web-based software for CO₂ emission estimation across various industries. Finally, we conducted a digital and AI technology assessment for an international project, formulating a comprehensive digital and AI design basis to optimise project functionality.

DELIVERING EXCELLENCE

With over 2,300 highly experienced professionals and technical workforce and an in-house collaborative R&D support team and clients from diverse sectors and geographies comprising India, the Middle East, South East Asia, along with other parts of Asia, Africa and South America, we are well positioned for continued growth and value creation.

We continue to upskill our people and empower them to deliver excellence. Our efforts have been recognised by the Golden Peacock National Training Award for our commitment to development in the domain of training and staff development programmes for improving the effectiveness and performance of the organisation. We have also received the 'Project of The Year' Award in PMI South Asia Awards 2023 for the INDJET Project at IOCL Barauni on EPCM mode.

Our dedication to corporate social responsibility ensures that our success translates into positive change for the communities we serve. The Company's CSR initiatives focus on education, art and culture, healthcare, drinking water and sanitation, rural electrification, women's empowerment and skills training.

I would like to express my sincere gratitude to our teams for their dedication, innovation and hard work, our clients for their trust and partnership and our investors and regulatory authorities for their continued support and encouragement.