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Oil India, Engineers India led consortium to buy 48% stake in NRL
MUMBAI: An Oil India Ltd and Engineers India Ltd-led consortium will buy 48% stake in the Bharat Petroleum Corporation Ltd’s subsidiary, Numaligarh Refinery Ltd (NRL). State-run refiner Bharat Petroleum Corporation Ltd (BPCL) holds 61.65% stake in NRL, while Oil... -
Engineers India’s Q4 shows steady growth, but slower order inflow an overhang
Mumbai: Engineers India Ltd’s has put up a decent show in the March quarter even as the covid-19-led disruption slowed other capital goods and engineering companies. The stock gained 7.7% on Friday due to the results, but investors must still watch the execution in... -
Govt looks to create consultancy giant through merger of PSUs
After oil and power sectors, the government now plans to create a public sector consultancy giant by bringing together about half a dozen smaller engineering companies and merging it with much larger and profitable Engineers India Ltd (EIL). There are close to a dozen...
