Engineers India zooms ~2.5% on bagging contract worth Rs249 crore from ONGC

12 Sep 2022 , 10:58 AM

Engineers India Limited informed that Oil and Natural Gas Corporation Limited (ONGC) has commissioned the Project for Restoration of Gas Terminal, Phase-I (Part-A) at the ONGC, Hazira facility to be carried out on an EPC Reimbursable basis (Open) to the company.

The estimated value of the order is Rs249 crore, which is to be completed within a period of 33 months.

Engineers India Limited is a government-owned engineering consultancy company in India. It is under the ownership of the Government of India’s Ministry of Petroleum and Natural Gas. It was established in 1965 with the mission of delivering indigenous technical solutions for hydrocarbon projects.

At around 10.54 AM, Engineers India was trading 2.38% higher at Rs71.10, against the previous close of Rs69.45 on NSE. So far, it hit an intraday high and low of Rs72.45 and Rs69.55 respectively.

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