Engineers India spurts on bagging contract from Indian Oil Corporation
Engineers India is currently trading at Rs. 170.15, up by 1.75 points or 1.04% from its previous closing of Rs. 168.40 on the BSE.
The scrip opened at Rs. 169.80 and has touched a high and low of Rs. 171.90 and Rs. 165.70 respectively. So far 122139 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 304.00 on 12-Jul-2024 and a 52 week low of Rs. 148.50 on 12-Feb-2025.
Last one week high and low of the scrip stood at Rs. 172.25 and Rs. 148.50 respectively. The current market cap of the company is Rs. 9504.14 crore.
The promoters holding in the company stood at 51.32%, while Institutions and Non-Institutions held 17.48% and 31.19% respectively.
Engineers India has bagged contract from Indian Oil Corporation (IOCL) for Phase-I of Project Management/Managing Project Management Consultancy (MPMC) Services for the Overall Project and Project Management Consultancy (PMC-2) Services for PP, IPA, EDC/VCM Units and Offsites and Utilities (O&U) under the Paradip Petrochemical Complex (PDPC) Project at Paradip, Odisha. The total estimated contract value is around Rs 106 crore. The said contract is expected to be completed in 10 months.
Engineers India is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects.
