Engineers India soars on bagging project from Indian Oil Corporation
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Engineers India is currently trading at Rs. 89.90, up by 2.85 points or 3.27% from its previous closing of Rs. 87.05 on the BSE.
The scrip opened at Rs. 91.80 and has touched a high and low of Rs. 93.60 and Rs. 89.55 respectively. So far 630794 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 93.60 on 03-Mar-2021 and a 52 week low of Rs. 49.85 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 93.60 and Rs. 73.30 respectively. The current market cap of the company is Rs. 4892.58 crore.
The promoters holding in the company stood at 51.49%, while Institutions and Non-Institutions held 26.84% and 21.67% respectively.
Engineers India (EIL) has bagged Project from Indian Oil Corporation (IOCL) for execution of Consultancy for Overall Project Management and EPCM Services (Phase II) for Capacity Expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA (P-25 Project). The total awarded order value is around Rs 600 crore with a total project schedule of 40 months for Mechanical Completion.
Engineers India is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects.
