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Engineers India bags $139 million contract from Dangote Group

10 Mar 2014 Evaluate

Engineers India has bagged a $139 million contract from Nigerian company Dangote Group for providing project management consultancy (PMC) and engineering, procurement and construction management (EPCM) services for a refinery and polypropylene plant. Under the agreement, EIL will provide project PMC and EPCM services for implementing a grassroot 400,000 barrels per day (20 million tonnes) refinery and 600,000 tonnes a year polypropylene plant. 

The company has won its largest ever overseas consultancy contract for a 20 million tonne oil refinery in Nigeria as it looks at markets abroad to more than double its revenue to $1 billion in the next 3-4 years.

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.

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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