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EIL Secures New Business Of Rs 4,681 Cr, Order book Touches Rs 11,350 Cr

Himanshu Kumar Ojha Sep 12, 2024

The company's order book, as of 31 March 2024, stands at Rs 7,823 crore, and within this substantial inflow, the domestic segment emerges as a growth driver, contributing Rs 2,907 crore

Engineers India or EIL has secured new business worth Rs 4,681 crore and its order book has touched around Rs 11,350 crore in the current financial year, said Vartika Shukla, CMD, EIL on Wednesday.

While addressing a press conference on the company’s growth strategy, the CMD said that during the fiscal, EIL’s order inflow reached Rs 3,406 crore. “The order book, as on 31 March 2024, stood at Rs 7,823 crore, and within this substantial inflow, the domestic segment emerged as a growth driver, contributing Rs 2,907 crore,” she said.

She added, this includes a diverse range of OBE/LSTK assignments valued at Rs 2,111 crore.

On the rising share in the company’s international business she said, EIL has secured Rs 499 crore in new contracts and made a re-entry into Algeria and Kuwait. It has also strengthened its Abu Dhabi office resulting in an increase in business inflow from Rs 93 crore in 2022-23 to Rs 146 crore in FY 2023-24, an increase of 57 per cent on a year-on-year basis.

“In the fiscal year 2023-24, EIL has advanced its global footprint and project portfolio. The commissioning of the Dangote Oil Refinery Project in Nigeria, a USD 20 billion venture reflects the company’s pivotal role in advancing the ‘Local to Global’ vision. The company is providing PMC services for a 1.5 MMTPA refinery in Mongolia financed by a line of credit from the Indian government,” she added.

The CMD stressed that EIL is also providing FEED and PMC services for the NHT-CCR reforming unit at Arzew refinery in Algeria and is contributing to the modernisation of Bahrain's refining sector through the design package preparation for a desalination plant. In Kuwait, EIL is a consultant for the FEED and ITB preparation for revamping the existing AGRP-1 Unit at MAA Refinery.

She further said that EIL continues to strengthen its presence in Guyana by providing consultancy services for the Integrated NGL Plant as well as 300 MW CCGT power plant and has also expanded its reach in the Middle East with several critical projects for Abu Dhabi National Oil Company (ADNOC) and other clients.