Rs 7,865 crore order book: This civil construction company bags a massive order worth Rs 472.73 crore from ONGC!
Shares of the company have given about 30 per cent in returns in the last 6 months.
Engineers India Limited informed in the exchange filing that Oil and Natural Gas Corporation Limited (ONGC Ltd) has awarded a Project for the Replacement of 03 No's CSU Off-gas compressors and 6 no's Regeneration Gas Compressors, installation of CBD vessel at Uran Plant under EPC Reimbursable basis (Open Book Estimate (OBE) mode) to Engineers India Limited (EIL). The total estimated order value is about Rs. 472 Crore with a project completion schedule of about 40 Months
Earlier, the company also secured a new order aggregating to Rs 2,055 Lakhs from Jindal Steel and Power Limited (JSPL) and National Aluminium Company Limited (NALCO).
Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company owned by the Govt. Of India operates under the administrative control of the Ministry of Petroleum and Natural Gas (MoPNG).
On Monday, the stock opened at Rs 110.00, with a high and low of Rs 110.80 and Rs 109.30. The stock closed trading at Rs 109.90, up by 0.14 per cent.
The stock has a 52-week high of Rs 114.50 and a 52-week low of Rs 55.95. The company has a ROCE of 23.8 per cent and an ROE of 18.6 per cent, with a market capitalisation of Rs 6,176 crore.
Investors should keep a close eye on this stock.
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