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Engineers India shines on entering into contract worth $139 million

Engineers India Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532178 | NSE: ENGINERSIN

19 Jun 2014 Evaluate

Engineers India is currently trading at Rs. 311.10, up by 6.95 points or 2.29% from its previous closing of Rs. 304.15 on the BSE.

The scrip opened at Rs. 322.00 and has touched a high and low of Rs. 322.00 and Rs. 309.90 respectively. So far 1,42,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 329.00 on 09-Jun-2014 and a 52 week low of Rs. 121.15 on 20-Aug-2013.

Last one week high and low of the scrip stood at Rs. 322.00 and Rs. 291.10 respectively. The current market cap of the company is Rs. 3,102.00 crore.

The promoters holding in the company stood at 69.37% while Institutions and Non-Institutions held 21.00% and 9.63% respectively.

Engineers India has formally entered into a contract with Dangote Oil Refining Company of Nigeria to render project management consultancy (PMC) and engineering procurement and construction management (EPCM) services for implementing a grassroot 400,000 barrels per day refinery and 600,000 tons polypropylene plant in Lekki Free Trade Zone near Lagos.

The contract worth $139 million is from Nigerian company Dangote Group to provide services for a refinery and polypropylene plant, is the largest ever consultancy contract for a 20 million tonne oil refinery in Nigeria.

Engineers India is a total solutions consultancy company and EPC contractor in petroleum refining, petrochemicals, pipelines, oil and gas terminals and storages, fertilizers, mining & metallurgy and infrastructure projects. The company is also diversifying into water and waste management and has made inroads into nuclear, solar and thermal power sectors.

Engineers India Share Price

241.55 13.05 (5.71%)

17-Apr-2026 16:59 View Price Chart

Peers

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Larsen & Toubro	4094.95
Rail Vikas Nigam	303.10
NCC	161.30
KEC International	580.10
Kalpataru Projects	1232.90
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Engineers India shines on entering into contract worth $139 million

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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