New Delhi (18.04.2023): Engineers India Limited (EIL) recorded substantial growth in terms of business in the financial year 2022-23. EIL has secured business of approximately Rs 4,500 crore in FY 2022-23 while business of Rs 1,700 crore was secured in FY 2021-22. Besides other areas, significant jump is witnessed in the business secured from the international assignments to around Rs 600 crore from less than Rs 50 crore in FY 2021-22. Maintaining its leadership position in the Hydrocarbon Sector, EIL has also secured substantial business in Infrastructure sector and also marked significant entry into new segments of Green Hydrogen, Waste to Fuel, Niche chemicals and Defence. During the year, EIL signed MoUs/MoAs and Strategic Alliances for business growth with leading Oil Sector companies and Technology Providers. EIL consolidated its presence in Nigeria and Middle East; it secured projects in new geographies such as Guyana.
EIL secures business worth Rs 4,500 crs in FY 2022-23
By IndianMandarins - 2023-04-18 10:35:00
New Delhi (18.04.2023): Engineers India Limited (EIL) recorded substantial growth in terms of business in the financial year 2022-23. EIL has secured business of approximately Rs 4,500 crore in FY 2022-23 while business of Rs 1,700 crore was secured in FY 2021-22. Besides other areas, significant jump is witnessed in the business secured from the international assignments to around Rs 600 crore from less than Rs 50 crore in FY 2021-22.
Maintaining its leadership position in the Hydrocarbon Sector, EIL has also secured substantial business in Infrastructure sector and also marked significant entry into new segments of Green Hydrogen, Waste to Fuel, Niche chemicals and Defence. During the year, EIL signed MoUs/MoAs and Strategic Alliances for business growth with leading Oil Sector companies and Technology Providers. EIL consolidated its presence in Nigeria and Middle East; it secured projects in new geographies such as Guyana.
