EIL eyes project management roles in thermal revival, offshore wind and nuclear sectors
Engineers India Ltd
(EIL) is exploring opportunities in offshore wind and nuclear sectors as part of its diversification strategy beyond oil and gas. The company is in talks with players in the wind energy space to take up
offshore wind projects
and is also evaluating entry into small modular reactor (SMR) projects, CMD Vartika Shukla said on Thursday.
'To meet the demand gap in the power segment there are several thermal power plants which are reviving and which earlier we were not looking at. So we are also talking to some (power generation companies). We are looking at a PMC (project management consultancy) role for those projects. We do see that. We also see in the non oil and gas power sector, opportunities in offshore wind,' she said while addressing the media.
India currently has an installed
nuclear power capacity
of 8.18 GW and the government aims to triple it by 2032. The long-term target is to reach 100 GW of nuclear power capacity by 2047.
The company reported a consolidated net profit of Rs 279.81 crore for the March quarter, more than double the Rs 115.52 crore posted in the same quarter last year. Total income rose 22.2% year-on-year to Rs 1,046.57 crore.
For FY25, EIL secured an order inflow of Rs 8,214 crore — the highest ever for the company — leading to an order book of about Rs 11,700 crore. According to the company, around 36% of the order inflow came from
energy efficient infrastructure
projects, such as high-end data centres, laboratories, and academic complexes.
'Share of its diversified business segments has increased significantly with around 36% of the order inflow shared by energy efficient infrastructure segment in the past fiscal,' the company said in a statement.
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