New Delhi, April 17, 2023: Engineers India Limited (EIL) has recorded substantial growth in the Business for Year 22-23 by securing over INR 4500 Crores vis-a-vis approx. INR 1700 Crores secured in FY 21-22. Besides other areas, significant jump is witnessed in the business secured from International assignments to around INR 600 Crores from less than INR 50 Crores in FY 21-22.
While maintaining its leadership position in the Hydrocarbon Sector, EIL has also secured substantial business in Infrastructure sector and also marked significant entry into new segments of Green Hydrogen, Waste to Fuel, Niche chemicals & Defence. During the year, EIL signed MoUs/MoAs and Strategic Alliances for business growth with leading Oil Sector companies and Technology Providers. While EIL consolidated its presence in Nigeria and Middle East, it secured projects in new geographies such as Guyana.