Sanjay Jindal assumes charge of CFO in Engineers India; stock adds ~1%

21 Jun 2022 , 10:36 AM

Engineers India Limited informed that its Board of Directors has designated Sanjay Jindal, Director (Finance), EIL as Chief Financial Officer of the Company. He shall place office for a period of five years with effect from June 20, 2022.

Sanjay Jindal has assumed the office of Vartika Shukla, C&MD and Additional Charge Director.

However, his remuneration and the terms and conditions of his appointment will remain same.

Sanjay joined EIL in 1992 as an Assistant Finance & Accounts Officer and worked at various EIL project sites. He was transferred to Corporate Office in 1998 and handled all spectrums of Finance & Accounts Functions, particularly facilitating Project execution from the bidding stage to the contract closure stage, Project Financing, Investments, Taxation, and Implementation of Internal Financial Control Systems, Financial Reporting, and so on.

Currently, he is in charge of EIL’s Finance Division. Prior to this job, Sanjay was the Chief Financial Officer of Ramagundam Fertilizers and Chemicals Limited, a Joint Venture Company formed by Engineers India Limited and National Fertilizers Ltd.

Engineers India is currently trading at Rs57 up by Rs0.7 or 1.24% from its previous closing of Rs56.30 on the BSE. The scrip opened at Rs56.80 and has touched intraday high and low of Rs57.10 and Rs56.55 respectively.