Latest news with #EIL
Time of India
6 days ago
- Business
- Time of India
EIL eyes project management roles in thermal revival, offshore wind and nuclear sectors
New Delhi: 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.
New Indian Express
7 days ago
- Business
- New Indian Express
EIL to diversify into power and semiconductor sector
State-owned Engineers India Limited (EIL) is diversifying itself from oil and gas to other sectors, including the power sector, mining, nuclear power, and semiconductors, said chairman and managing director (CMD) Vartika Shukla. Shukla, speaking at the fourth-quarter results, also mentioned that EIL is in talks with companies to build clean rooms for semiconductor manufacturers in the country. 'We are in talks with three companies to provide clean rooms for semiconductor manufacturers,' said Shukla. In the year 2024-25, the engineering consultancy and project management company secured an order inflow of Rs 8,214 crore, which is an all-time high in EIL's journey so far, leading to a robust order book position standing at around Rs 12,400 crore. The share of its diversified business segments has increased significantly, with around 36% of the order inflow shared by the energy-efficient infrastructure segment in the past fiscal. The contribution of order inflow from international businesses grew significantly, reaching around Rs 1,077 crore, the highest in the last decade.
Mint
7 days ago
- Business
- Mint
Engineers India plans to expand footprint in thermal, nuclear power
New Delhi: As the Centre aims to add thermal and nuclear power plants in the country to increase baseload capacity, state-run engineering consultancy and project management company Engineers India Ltd (EIL) is looking at taking more projects in both the power generation segments, its chairman and managing director (CMD) Vartika Shukla said on Thursday. Addressing the media, Shukla said the company is in talks with players in the wind energy space to develop offshore wind projects as it diversifies further into sectors other than oil and gas. '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,' said Shukla. 'So, we are also talking to some (power generation companies). We are looking at a PMC (project management consultancy) role for those projects. We also see in the non-oil and gas power sector, opportunities in offshore wind.' The focus on thermal power comes in the backdrop of government plans to add 80GW of coal-based power generation capacity in the country by 2032 to meet rising power demand along with the ambitious energy transition goal of installing 500GW of non-fossil capacity by 2030. On 30 April, Mint reported that the government may increase its coal-based capacity expansion plan to about 100GW amid rising coal production and growing power demand. EIL has so far been involved in captive power plants and also in the relocation of a 300MW gas-based power plant. Speaking of the plans in nuclear power, Shukla said the company has already entered into the space and has also trained its workforce for the sector. 'We have moved the needle towards more engagement towards the nuclear sector as well,' she said. 'We were present in the space when we did the Kundankulam need to revisit that relationship. So, we have trained our people in BARC (Bhabha Atomic Research Centre). We have built the competency within.' Some of the nuclear projects in which EIL has been associated include the 2x1000MWe Kudankulam Nuclear Power Plant-Unit 3 & 4, Cooling Water and Heat Recovery Systems for ITER (International Thermonuclear Experimental Reactor) and NPCIL's Nuclear Power Project at Mithivirdi. EIL's CMD further said the company is looking at entering the small modular reactors space. Currently, India has an installed nuclear power capacity of 8.18GW and the government aims to triple the capacity by 2032. The Centre has also set an ambitious target of 100 GW of nuclear power capacity by 2047. On Thursday, EIL reported a more than twofold growth in its consolidated net profit for the quarter ended March at ₹ 279.81 crore, compared to ₹ 115.52 crore in the year-ago period. Its total income for the fourth quarter of FY25 was ₹ 1,046.57 crore, 22.2% higher on a year-on-year basis. Addressing the press conference, Shukla said EIL secured an order inflow of ₹ 8,214 crore in 2024-25, an all-time high in the journey of the company, leading to an order book of around ₹ 11,700 crore. 'The 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, which includes high-end data centres, state-of-the-art laboratories, and academic complexes, among others,' said a company statement. In the previous fiscal, EIL secured around 36% of its business through competitive bidding with the share of consultancy standing at around 56% of the order inflow in the fiscal. The contribution of order inflow from international businesses reached ₹ 1,077 crore, the highest in the past decade, the statement added.
Time of India
7 days ago
- Business
- Time of India
EIL Q4 Results: Profit rises two-and-half times to Rs 243 crore
Engineers India Ltd (EIL) reported a two-and-a-half times jump in profit to ₹243 crore in the January–March quarter, up from ₹91 crore a year earlier. Revenue from operations rose 25% to ₹991 crore during the quarter. Total expenses fell 3% to ₹708 crore, as the company had registered 'other expenses' of ₹88 crore in the year-ago quarter, compared to ₹6 crore in the March quarter. The company wrote back ₹82 crore during the March quarter following the settlement of a performance obligation with a client in the consultancy and engineering projects segment. EIL shares closed 2.8% higher at ₹217.45 apiece on Thursday, when the benchmark Sensex rose 0.4%. The company declared a dividend of ₹2 per share. Profit for the full year 2024–25 rose 30% to ₹465 crore, the highest in a decade, due to operational efficiencies, EIL chairperson Vartika Shukla said. Annual revenue, however, fell 6% to ₹3,028 crore. The company received orders worth ₹8,214 crore during 2024–25, and EIL's order book stood at ₹11,700 crore at the end of March, she said. Of the total orders received in 2024–25, 45% were from the non-oil and gas sector. Overseas orders were worth ₹1,077 crore. EIL is planning to enter the defence sector, initially focusing on process-related technologies, a familiar area for the company, Shukla said. The company also aims to re-enter the nuclear energy sector, though progress will depend on government policy. 'It's a difficult sector to enter… We will have to build competencies,' she said. EIL also plans to foray into the critical minerals segment. 'We have a strategy to enter the critical minerals segment,' she added, without elaborating.
Economic Times
7 days ago
- Business
- Economic Times
EIL Q4 Results: Profit rises two-and-half times to Rs 243 crore
Engineers India posted robust Q4 earnings, aided by a write-back and cost control, with FY25 profit hitting a 10-year high despite lower annual revenue. Synopsis Engineers India Ltd reported a 2.5x jump in Q4FY25 profit to ₹243 crore, driven by operational efficiencies and a write-back of ₹82 crore. Annual profit rose 30% to ₹465 crore, despite a 6% decline in revenue. Engineers India Ltd (EIL) reported a two-and-a-half times jump in profit to ₹243 crore in the January–March quarter, up from ₹91 crore a year earlier. ADVERTISEMENT Revenue from operations rose 25% to ₹991 crore during the quarter. Total expenses fell 3% to ₹708 crore, as the company had registered 'other expenses' of ₹88 crore in the year-ago quarter, compared to ₹6 crore in the March quarter. The company wrote back ₹82 crore during the March quarter following the settlement of a performance obligation with a client in the consultancy and engineering projects segment. EIL shares closed 2.8% higher at ₹217.45 apiece on Thursday, when the benchmark Sensex rose 0.4%. The company declared a dividend of ₹2 per for the full year 2024–25 rose 30% to ₹465 crore, the highest in a decade, due to operational efficiencies, EIL chairperson Vartika Shukla said. Annual revenue, however, fell 6% to ₹3,028 company received orders worth ₹8,214 crore during 2024–25, and EIL's order book stood at ₹11,700 crore at the end of March, she said. Of the total orders received in 2024–25, 45% were from the non-oil and gas sector. Overseas orders were worth ₹1,077 crore. ADVERTISEMENT EIL is planning to enter the defence sector, initially focusing on process-related technologies, a familiar area for the company, Shukla company also aims to re-enter the nuclear energy sector, though progress will depend on government policy. 'It's a difficult sector to enter… We will have to build competencies,' she said. ADVERTISEMENT EIL also plans to foray into the critical minerals segment. 'We have a strategy to enter the critical minerals segment,' she added, without elaborating. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
