Rs 11,155 Crore Order Book: President of India-Backed Engineering Company Bags New Order Worth Rs 1,200 Crore

The stock is up by 8.62 per cent from its 52-week low of Rs 153.10 per share and gave multibagger returns of 140 per cent in 3 years.

On Tuesday, shares of Engineers India Ltd (EIL) gained 2.13 per cent to Rs 166.30 per share from its previous closing of Rs 162.85 per share. The stock’s 52-week high is Rs 304 per share and its 52-week low is Rs 153.10 per share.

Engineers India Limited (EIL) has secured a significant project as the Project Management Consultant for the development of a nationally important academic institute. The project, valued at approximately Rs 1,200 crore, will be executed in a "Depository mode." A formal contract agreement has been signed between EIL and the institute, solidifying the consultancy arrangement. Due to confidentiality agreements, specific details regarding the institute, its location, and the project timeline cannot be disclosed.

Engineers India Limited (EIL) is a CPSU with majority ownership of the GoI operating under the administrative control of MoPNG. EIL provides consultancy and engineering services and undertakes turnkey contracts, which include the complete range of project services right from project conceptualization, planning, design, engineering, procurement, construction and commissioning as per client’s requirement and specifications and providing post-execution services for maintenance and monitoring the operation of the plant in various industries.

The company has an order book worth Rs 11,155 crore comprising under the Consultancy segment Rs 6,496 crores and the LSTK segment Rs 4,650 crore as of September 30, 2024. The stock is up by 8.62 per cent from its 52-week low of Rs 153.10 per share and gave multibagger returns of 140 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.