Engineers India bags orders worth Rs 80 crore

18 Jun 2022 , 11:44 AM

The three projects involve consulting services for EPCM services for MIBK, MIBC, and offsite & utilities projects; RBIs greenfield data center at Infovalley-II, EMC Park, Khurda (Bhubaneswar), Odisha; and pre-award activities for lignite to methanol project. The estimated order value of the above projects is approx. Rs 80 crore,? the company said in a statement. Engineers India 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 March 2022, the Government of India held a 51.32% stake in the company. On a consolidated basis, EIL reported 217.4% jump in net profit to Rs 79.13 crore on 27.7% decline in net sales to Rs 817.80 crore in Q4 FY22 over Q4 FY21. The scrip shed 0.17% to end at Rs 57.50 on the BSE yesterday. Powered by Capital Market – Live News