Engineers India spurts on receiving order from ONGC
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Engineers India is currently trading at Rs. 71.20, up by 1.70 points or 2.45% from its previous closing of Rs. 69.50 on the BSE.
The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 72.45 and Rs. 69.65 respectively. So far 112915 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 82.45 on 19-Oct-2021 and a 52 week low of Rs. 55.95 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 73.80 and Rs. 67.60 respectively. The current market cap of the company is Rs. 3934.30 crore.
The promoters holding in the company stood at 51.32%, while Institutions and Non-Institutions held 19.73% and 28.95% respectively.
Engineers India (EIL) has received order from Oil and Natural Gas Corporation (ONGC) for Restoration of Gas Terminal, Phase-I (Part-A) at ONGC, Hazira plant to be executed on EPC Reimbursable basis (Open Book Estimate (OBE) model). The total estimated order value is Rs 249 crore with a project completion schedule of about 33 months.
Engineers India is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects.
