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Engineers India gains on buzz to set-up a 1 mtpa petrochemical complex in AP

23 Dec 2016 Evaluate

Engineers India is currently trading at Rs. 318.00, up by 1.70 points or 0.54% from its previous closing of Rs. 316.30 on the BSE.

The scrip opened at Rs. 316.95 and has touched a high and low of Rs. 319.40 and Rs. 315.70 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 321.90 on 22-Dec-2016 and a 52 week low of Rs. 143.25 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 321.90 and Rs. 307.30 respectively. The current market cap of the company is Rs. 10,714.58 crore.

The promoters holding in the company stood at 59.37%, while Institutions and Non-Institutions held 28.79% and 11.84% respectively.

Engineers India (EIL) will reportedly set up a 1 million tonne per annum (mtpa) petrochemical complex near the Kakinada port in Andhra Pradesh. The project investment would be around Rs 30,000 crore and EIL is seeking a long-term contract for feedstock supply to be in place before the project actually takes off. While land is yet to be acquired for the petrochemical complex, the project has been in the offing for long.

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
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