Rs 11,353 Crore Order Book: President of India-Backed Engineering Company Bags New Order Worth Rs 245 Crore From State-Owned Organizations

The stock is up by 16.4 per cent from its 52-week low of Rs 142.15 per share and has given multibagger returns of 130 per cent in 2 years.

Engineers India Limited (EIL) has been awarded prestigious consultancy assignments from State-Owned Organizations for executing projects on a cost-plus basis in the states of Maharashtra & West Bengal, amounting to approx. Rs 245 crore.

Earlier, the company had been awarded two significant contracts by Middle Eastern clients. These contracts encompassed Project Management Consultancy (PMC) Services and Engineering & Project Management Services Agreements. The total estimated contract value for these two orders amounted to approximately Rs 730 crore. The first contract, valued at Rs 650 crore, was for PMC Services in the Middle East over five years, while the second, worth Rs 80 crore, was for Engineering & Project Management Services in the same region, spanning four years.  

Engineers India Limited (EIL) is a CPSU with majority ownership of the GoI operating under the administrative control of MoPNG. EIL provides consultancy and engineering services and undertakes turnkey contracts, which include the complete range of project services right from project conceptualization, planning, design, engineering, procurement, construction and commissioning as per the client’s requirement and specifications and provides post-execution services for maintenance and monitoring the operation of the plant in various industries.

The company has an order book worth Rs 11,353 crore, comprising under the Consultancy segment of Rs 5,554 crores and under the LSTK segment of Rs 5,799 crore as of December 31, 2024. The stock is up by 16.4 per cent from its 52-week low of Rs 142.15 per share and has given multibagger returns of 130 per cent in 2 years.

Disclaimer: The article is for informational purposes only and not investment advice.