Engineers India (EIL) has signed a memorandum of agreement (MoA) with Oil India (OIL) for providing consultancy services to OIL for its various upcoming and revamp projects involving construction of surface facilities in Oil and Gas fields including pipeline projects spread throughout the country.
EIL is a Total Solutions Consultancy Company & EPC Contractor in the fields of petroleum refining, petrochemicals, pipelines, oil and gas, terminal & storages, mining and metallurgy, & infrastructure projects.
The company has diversified into newer areas such as PowerNuclear, solar & thermal, water & solid waste management, city gas distribution, fertilizer and coal to liquid.
The company has posted a jump of 23.53% in its net profit to Rs 151.26 crore for the quarter ended December 31, 2011 as compared to Rs 122.45 crore for the same quarter in the previous year. Total income has increased by 17.91% to Rs 836.93 crore for quarter under review as compared to Rs 709.81 crore for the quarter ended December 31, 2010.
