Engineers India Limited (EIL) Bags Major International Contracts
Engineers India Limited (EIL) has secured two significant contracts from Middle Eastern clients for Project Management Consultancy (PMC) Services and Engineering & Project Management Services Agreements. The combined contract value is approximately Rs. 730 Crores, marking a substantial international business expansion for the company.
Contract Details
- Total Value: Rs. 730 Crores
- Services Provided:
- PMC Services
- Engineering & Project Management Services
- Region: Middle East
- Project Duration:
- PMC Services: 5 years (Rs. 650 Crores)
- Engineering & Project Management: 4 years (Rs. 80 Crores)
- Confidentiality Clause: Client details not disclosed
Market Impact
- Positive Growth Signal: This contract win strengthens EIL’s international presence and reinforces investor confidence.
- Stock Surge Expected: Shares of EIL are likely to see an upward trend due to this significant order win.
- Revenue Boost: The contracts will contribute positively to the company’s financials in the coming years.
- Sectoral Growth: Enhances India’s engineering consulting reputation in the global market.
About Engineers India Limited
- Founded: 1965
- Headquarters: New Delhi, India
- Industry: Engineering consultancy and EPC services
- Expertise: Oil & Gas, Refineries, Petrochemicals, Infrastructure, Water, and Renewable Energy.
- Market Listing: BSE (532178), NSE (ENGINERSIN)
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