This small-cap stock is engaged in providing engineering consultancy, project management, and EPC services primarily in the oil and gas, petrochemical, infra, power, and fertilizer sectors, jumped 2 percent after securing a contract order worth Rs. 107 crores from Indian Oil Corporation Limited (IOCL) for project management consultancy services in Odisha.
Stock Price Movement:
With a market capitalization of Rs. 9,573.83 crores, the share of Engineers India Limited has reached an intraday high of Rs. 171.90 per equity share, rising nearly around 1.79 percent from its previous day’s close price of Rs. 168.87. Since then, the stock has retreated and is currently trading at Rs. 170.34 per equity share.
What Happened:
Engineers India Limited (EIL) has received a contract from Indian Oil Corporation Limited (IOCL) for project management consultancy services at the Paradip Petrochemical Complex in Odisha. The contract is valued at approximately Rs. 106.5 crore and includes Phase I of Project Management and Managing Project Management Consultancy (MPMC) services, along with consultancy for specific units and utilities.
The project will be completed within 10 months. This order strengthens EIL’s presence in the petrochemical sector and reinforces its expertise in project management.
Previous Order:
On February 1, 2025, Engineers India Limited (EIL) announced receiving a Rs. 222 crore Project Management Consultant (PMC) contract from HPCL for the Lube Modernization and Bottoms Upgradation (LMBU) project in Mumbai. The 36-month domestic project strengthens EIL’s expertise in large-scale energy sector management.
Business Operation:
Engineers India Limited (EIL) specializes in engineering consultancy and project management, serving sectors such as oil, gas, petrochemicals, and infrastructure. The company offers design, construction, and management solutions while expanding into renewable energy and urban development. With a workforce of over 2,600, EIL has successfully executed more than 7,000 projects valued at over $200 billion.
Recent quarter results:
Engineers India Limited’s revenue has declined by 11.87 percent from Rs. 868 crore in Q3 FY24 to Rs. 765 crore in Q3 FY25. The net profit has increased by 73.02 percent from Rs. 63 crore in Q3 FY24 to Rs. 109 crore in Q3 FY25.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
