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Engineers India gets nod to acquire entire stake of PDIL

14 Sep 2018 Evaluate

Engineers India has received an approval for acquisition of 100% paid-up share capital of Projects and Development India (PDIL) from President of India, acting through the Ministry of Chemicals & Fertilizers. The Board of Directors of the company in its meeting held on September 13, 2018, approved the same and given the approval of bidding the same by way of Share Acquisition Route.

Engineers India Ltd is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects.

Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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