One of the small-cap stocks engaged in providing engineering consultancy, project management, and EPC services primarily in the oil and gas, petrochemical, infrastructure, power, and fertilizer sectors. The stock has jumped 4.99 percent after securing an order worth Rs. 222 crore from Hindustan Petroleum Corporation Limited (HPCL) for the Lube Modernization and Bottoms Upgradation (LMBU) project.
Stock Price Movement
With a market capitalization of Rs. 9,976.25 crores, the share of Engineers India Limited has reached an intraday high of Rs. 179.85 per equity share, rising nearly around 4.99 percent from its previous day’s close price of Rs. 171.30. Since then, the stock has retreated and is currently trading at Rs. 177.60 per equity share.
What Happened
Engineers India Limited (EIL) has announced that Hindustan Petroleum Corporation Limited (HPCL) has awarded them a Project Management Consultant (PMC) contract for the Lube Modernization and Bottoms Upgradation (LMBU) project at HPCL’s Mumbai facility.
The total value of the project is approximately Rs. 222 crore, with a completion schedule of about 36 months. This contract is a domestic project and will significantly enhance the company’s portfolio, reinforcing its expertise in large-scale project management within the energy sector.
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Business Operation
Engineers India Limited offers engineering consultancy and project management services. It focuses on industries like oil, gas, petrochemicals, and infrastructure. The company provides design, construction, and project management services and has expanded into renewable energy and urban development. With over 2,600 employees, EIL has completed over 7,000 projects worth over $200 billion.
Recent quarter results
Engineers India Limited’s revenue has decreased from Rs. 790 crore in Q2 FY24 to Rs. 689 crore in Q2 FY25, which has grown by 12.78 percent. The net profit has dropped by 21.25 percent from Rs. 127 crore in Q2 FY24 to Rs. 100 crore in Q2 FY25.
Written By – Nikhil Naik
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