The two aforementioned contracts have an estimated value of Rs 730 crore.
The PMC Services contract has to be executed within a period of 5 years. The project for providing engineering & project management services has a completion period of 4 years.
Engineers India (EIL) is an engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and other sectors of industry, having a DSIR-recognized R&D center. As of 31 December 2024, the Government of India held a 51.32% stake in the company.
The company's consolidated net profit declined 21.83% to Rs 99.63 crore on a 12.77% fall in sales to Rs 688.94 crore in Q3 FY25 as compared with Q3 FY24.
The scrip rose 0.96% to currently trade at Rs 168 on the BSE.