New Delhi, February 3, 2025 – Engineers India Limited (EIL), listed under the stock ticker ENGINERSIN on the BSE and NSE, has been appointed as the Project Management Consultant for the development of an Academic Institute of National Importance. The project, estimated at ₹1200 crore, is a domestic venture that involves the establishment of a national-level academic institution.
As per the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the agreement was signed between Engineers India Limited and the academic institute. The contract covers a comprehensive project management consultancy, focusing on the depository mode for the institute's development.
Due to confidentiality clauses, key details regarding the project's timeline, location, and terms are not disclosed at this point. However, the project is being executed on domestic soil, and no related party transactions or promoter group interests are involved. All activities will be undertaken in adherence to "arms-length" principles.
The contract's value of ₹1200 crore reflects the substantial scale and importance of the academic institution, although further specifics are yet to be made available publicly.