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Engineers India surges on bagging $139 million contract from Dangote Group

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

10 Mar 2014 Evaluate

Engineers India is currently trading at Rs. 165.10, up by 3.95 points or 2.45% from its previous closing of Rs. 161.15 on the BSE.

The scrip opened at Rs. 162.95 and has touched a high and low of Rs. 168.45 and Rs. 162.00 respectively. So far 102944 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 197.40 on 22-Apr-2013 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. 162.25 and Rs. 147.45 respectively. The current market cap of the company is Rs. 6096.87 crore.

The promoters holding in the company stood at 70.40% while Institutions and Non-Institutions held 17.65% and 11.95% respectively.

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.

Engineers India Share Price

241.55 13.05 (5.71%)

17-Apr-2026 16:59 View Price Chart

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Engineers India surges on bagging $139 million contract from Dangote Group

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