New Delhi, September 29, 2021: The 56th Annual General Meeting (AGM) of Engineers India Limited (EIL) was held on September 29, 2021 at its Head Office in New Delhi through Video Conferencing (VC). Smt. Vartika Shukla, C&MD, EIL presided over the virtual AGM which was graced by Government Nominee Director, Functional Directors, Independent Director, Nominee of the President of India and Company Secretary.
Sharing the vision and future road map of the Company with the shareholders, Smt. Shukla said that in view of current market environment and emerging business opportunities both in core sector and diversified areas of operations, EIL is embarking upon a new journey with a vision of 5K25 i.e., to be a
Rs.5000 Crore Turnover company by 2025. To realize this vision, the Company is developing clear and executable strategies based on Five Pillars of growth of Entering into Strategic Alliances, Swift Diversification in sunrise sectors, Expand International Business, Focus on innovation through technologies and Achieving Operational Excellence.
C&MD, EIL expressed that though COVID 19 pandemic has impacted economies across the globe, however, with the Government of India’s massive stimulus package, reform measures and the rapidly progressing vaccination drive, the economy is moving on an upward trajectory. “Huge investments are lined up across the hydrocarbon and other sectors for executing mega Refineries, Petrochemical complexes, Pipelines, Coal Gasification, Bio-Fuel, Green Hydrogen and others, which will have a multiplier effect on the economy. EIL is well poised to take advantage of these opportunities in the energy space,” C&MD added.
C&MD, EIL also apprised the shareholders of the Company’s business and operational performance during FY2020-21 as well as initiatives undertaken in the areas of R&D, Human Resources, CSR, Make In India, Quality Management etc.