Rs 7,865 crore order book: This civil construction company bags a massive order worth Rs 2,055 Lakhs from Jindal steel!
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 the company has secured new order aggregating to Rs 2,055 Lakhs from Jindal Steel and Power Limited (JSPL) and National Aluminium Company Limited (NALCO).
National Aluminium Company Limited (NALCO) has selected Engineers India Limited (EIL) for providing consultancy services for updation of detailed project report (DPR) for Pottangi Bauxite Mines for enhancing raw-ore production. And Jindal Steel and Power Limited (JSPL) and Engineers India Limited (EIL) have signed contract for supply of basic engineering and detail engineering for direct reduced iron plant covering associated facilities at Angul, Orissa.
Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company owned by the Govt. Of India operating under the administrative control of the Ministry of Petroleum and Natural Gas (MoPNG).
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On Friday, the stock opened at Rs 110.00, with a high and low of Rs 110.85 and Rs 109.15. The stock closed trading at Rs 109.75, down by 0.59 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 6,163 crore.
Investors should keep a close eye on this stock.