Engineers India wins job from MRPL; Stock up 2%

25 Nov 2022 , 12:46 PM

Engineers India Limited (EIL) has been awarded the job by Mangalore Refinery & Petrochemicals Limited (MRPL) for preparation of BDEP, DFR and Pre-Project Activities for Bio-ATF Plant at MRPL.

As per the filing, the bio-ATF plant, having non edible oils and used cooking oil as feedstock, shall be first of its kind in India and based on technology developed by CSIR-IIP and EIL.

Bio-ATF also known as Sustainable Aviation Fuel (SAF) fuels would not only contribute to India’s Net zero Carbon emission target, but also help in fulfilling Hon’ble PM’s vision of reducing crude oil and indirectly providing livelihood to farmers.

At around 12:48 PM, Engineers India Ltd is currently trading at Rs81 per share up by Rs1.75 or 2.21% from its previous closing of Rs79.25 per share on the BSE.

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