Engineers India Limited (NSE: ENGINERSIN) Secures ₹106.5 Crore Project from IOCL

New Delhi, February 13, 2025 – Engineers India Limited (EIL) has been awarded a significant contract by Indian Oil Corporation Limited (IOCL) for consultancy services in the Paradip Petrochemical Complex (PDPC) Project at Paradip, Odisha. The contract is valued at approximately ₹106.5 crore and spans 10 months.

Contract Details​

• Project Scope:
  • Phase-I Project Management/Managing Project Management Consultancy (MPMC) Services for the overall PDPC project.
  • Project Management Consultancy (PMC-2) Services for Polypropylene (PP), Isopropyl Alcohol (IPA), Ethylene Dichloride (EDC)/Vinyl Chloride Monomer (VCM) Units, and Offsite & Utility Facilities.
• Location: Paradip, Odisha
• Contract Value: ₹106.5 crore
• Duration: 10 months
• Type: Domestic project
• Promoter/Group Interest: None
• Related Party Transactions: Not applicable

The contract further strengthens EIL's position as a premier engineering consultancy firm in the Indian petrochemical sector. This partnership with IOCL underscores its expertise in large-scale project management and consultancy.

Investor Outlook: This contract aligns with EIL’s ongoing growth strategy, reinforcing its project execution capabilities in India's energy and petrochemical space. Investors may view this as a positive development, given the increasing demand for petrochemical infrastructure in India.