The partnership will support Centre's vision to accelerate the share of nuclear power and strengthen India’s energy security, and will be targetting a nuclear power capacity of 100 GW by 2047.
In FY25, the hydrocarbon sector accounted for 55 percent of the business while the rest came from infrastructure, chemicals, fertilisers, mining, metallurgy, power and renewables, said chairman and managing director Vartika Shukla in post-results press conference.
The core oil and gas sector contributes for the majority of the orders received by the company, while orders from infrastructure and green energy segments have grown in the recent years.
EIL’s order book is close to about Rs 8,000 crore as of now in the current financial year, said Vartika Shukla, Chairman and Managing Director. The company is looking to make forays into the green hydrogen and green ammonia space too
Engineers India is poised to gain with the improving order book and profitability leading to storing earnings growth. The company has a strong balance sheet with strong cash on the books along with an attractive dividend yield. It has a strong order pipeline, contributions from other businesses are improving and its initiative in green energy are expected to show good results this year.
EIL is seeing an upside of investments in the Middle East for enhancing oil production before energy transition kicks in, and wants to cash-in into the opportunities available there, the executive added.
EIL’s order book as of December 2022 stood at Rs 78,656 crore, 57 percent of the company’s order book was made up of consultancy projects while the remaining were turnkey projects, according to an investor presentation made by the company on February 4.
The Union Cabinet had cleared the proposal for strategic sale of the government’s 53.29 percent stake in BPCL on November 20, 2019.
CPSE ETF, which functions like a mutual fund scheme, comprises scrips of 10 bluechip PSUs namely ONGC, Coal India, IOC, Oil India, PFC, Bharat Electronics, REC, GAIL, EIL and Container Corporation of India.
Ashwani Gujral of ashwanigujral.com recommends buying EIL, IndusInd Bank, Karnataka Bank, ICICI Bank, LIC Housing Finance and Century Textiles.
In an interview to CNBC-TV18, Sanjay Gupta, Chairman of Engineers India spoke about the results and his outlook for the company.
The National Green Tribunal‘s (NGT‘s) west zone bench, on January 2, 2017, comprising justice UD Salavi and Dr Ajay Deshpande, granted an interim stay on any kind of construction of the Pune Metro route R
Net profit in July-September rose to Rs 93.75 crore as compared to Rs 77.21 crore in the same period a year before, the company said in a regulatory filing.
As part of the disinvestment process, state-owned Engineers India Ltd (EIL) will sell part of the government stake to its eligible employees at a discounted price of Rs 187.29 per unit, a move that will fetch about Rs 31.5 crore to the exchequer.
The quality upgradation projects are being undertaken in view of Government of India's target of implementing BS-VI norms across the country by April 1, 2020.
ISSDA's response assumes significance as other industry bodies like Metal and Stainless Steel Merchant's Association, All India Stainless Steel Industries Association and Process Plant & Machinery Association of India (PPMAI) have alleged that the QC Order has been implemented without discussions with end users.
Some of the stocks that should be on your radar are: UltraTech Cement, Jaiprakash Associates, Mahindra and Mahindra, Biocon, IndusInd Bank, EIL, IFCI, Bharat Petroleum Corporation, Muthoot Finance.
Sun Pharma | NTPC | MOIL | Idea | IVRCL | LML | Vijaya Bank | Blue Blends India | EIL and Gallantt Ispat are stocks, which are in news today.
The remaining over 19.49 lakh shares will be sold to retail investors tomorrow. Retail investors, who will be allocated shares at a discount of 5 percent to the cut-off price, are individuals who place bids for shares of total value of not more than Rs 2 lakh.
The bids for institutional players are likely to take place tomorrow and the retail bid will be completed day-after-tomorrow, say sources.
Indian Oil Corp, the nation's biggest refiner, will build a 60-million tonne a year oil refinery in Maharashtra along with Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL) and Engineers India Ltd (EIL), Pradhan said in a twitter post.
From the bluechip space Dipen Shah of Kotak PCG likes Infosys, ICICI Bank and from the midcaps he likes PNC Infratech, EIL, All Cargo Logistics, Century Plyboard and Supreme Industries.
Rahul Inn Hospitality (RIHL) had illegally mobilised funds through Secured Redeemable Debentures while Eminence Infraprject (EIL) had issued Redeemable Preference Shares, Sebi said in two separate orders.