Engineers India looks forward to upward trend in order book in FY25: CMD

EIL is working towards getting petrochemical projects.

State-owned project consultancy company, Engineers India Limited (EIL), expects an upward trend in the company’s order book for the financial year 2024-25 (FY25), said Vartika Shukla, Chairman and Managing Director.

Without mentioning her exact expectations as the company is in talks with various clients, she said EIL's order book has shown growth for the last two years and the company expects the same for the coming year as well. Shukla said the company is working towards getting petrochemical projects as the industry is making significant growth in the petchem sector.

“We see a lot of growth in petrochemicals in India. We see a lot of projects in the polymer space and we are in active dialogue with a lot of clients to take us on board. We are one of the leading consultants all over the world which has implemented large sized cracker complexes. So we have strength in this segment which will help us get a lot of petrochemical projects in the country,” said Shukla.

She added that the company is interested in projects coming up in the green hydrogen and green ammonia space as well. In the international market, the company is working for more collaborations in the Middle-East, particularly in Emirates and Abu Dhabi.

Shukla said the company’s order book is close to about Rs 8,000 crore as of now in the current financial year. In FY23, the EIL’s order book stood at Rs 7,694 crore.

Growth in private sector

Engineers India is focusing on boosting orders from the private players, said Shukla. EIL’s order book consists of around 70 percent of projects from public players while 30 percent is from private players.

“We are working very hard to increase our presence in the private sector space. We are very agile while working with the private sector. The difference between public and private is that while we follow certain rules and procedures in the public sector space, the private sector has their own method of making sure that the capital deployed is realised better,” said Shukla.

“We have the petchem project from HMEL (what is this, please provide a description), we are working with Deepak Phenolics too. We are in talks with a lot of private players as well as international players,” she added.

Over the years, EIL has expanded beyond its core business of oil and gas to petrochemicals, green hydrogen, fertiliser and biofuels.