Will continue to report steady performance in core biz: EIL

Ashok Kumar Purwaha, Chairman of Engineers India says the industry has been facing slow pace of growth on projects side for almost a year. “We are evaluating newer geographies in international markets,” he told CNBC-TV18 in an interview.

Govt to divest 10% stake via FPO route: EIL

Ashok Kumar Purwaha, chairman, Engineers India, says that the government is planning to disinvest around 10 percent stake in the company via follow-on public offer (FPO) route. The FPO is likely to hit the market by the second quarter of 2013-14.

Gammon Infra to commission 3 key projects in 12-15 mths

Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.

Engineers India upbeat on heavy order-book

Ashok Kumar Purwaha, chairman, Engineers India Limited explains to CNBC-TV18 the company will post reasonable growth after recording continued growth in turnover of 50% with PBT and PAT levels at over-33%.

Good order inflows from Oil & Gas space: Engineers India

Engineers India announced its fourth quarterly earnings. The company saw an increase of 14.96% in standalone net profit to Rs 190 crore for the quarter ended March 31, 2012 as compared to Rs 165 crore in the same period last year.

Current order book around Rs 6700cr: Engineers India

In an interview with CNBC-TV18, Ram Singh, director finance of Engineers India said, the turnover has gone up from Rs 606 crore to Rs 854 crore during this quarter. He further said, order book, as on June 30, is roughly around Rs 6,700 crore.

EIL needs no debt or equity in FY12

Ashok Kumar Purwaha chairman of Engineers India Ltd (EIL) says the company doesn’t require any borrowings in FY12. “We are a zero debt company today and are sitting on a cash of about Rs 2,000 crore. We don't need to go in for any borrowings.”