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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.
Time of India
29-05-2025
- Business
- Time of India
EIL records ₹8,214 cr order inflow in FY25; PAT highest in 10 years at ₹465 cr
New Delhi: Engineers India Limited (EIL) recorded an all-time high order inflow of ₹8,214 crore in FY2024-25, resulting in a total order book of approximately ₹11,700 crore. The standalone profit after tax (PAT) for the fiscal stood at ₹465 crore, the highest in the last ten years. The consultancy segment accounted for 56 per cent of the order inflow, while 36 per cent came from energy efficient infrastructure projects, including high-end data centres, laboratories, and academic complexes. Around 36 per cent of the business was secured through competitive bidding. EIL's international business contributed ₹1,077 crore, the highest in the last decade. The company was involved in key overseas projects, including the Dangote Oil Refinery in Nigeria, and ongoing engagements in Mongolia, Bahrain, Kuwait, Oman, Guyana, and several countries in Africa. The company is expanding its UAE office to serve as a regional hub and is working to open a new office in Saudi Arabia. In the green energy sector, EIL is implementing a biorefinery project for ABRPL in Assam and is developing ethanol projects for NRL and NTPC. It is also setting up a Bio-ATF facility for MRPL and has provided EPCM services for a 10 MW green hydrogen production facility in Vijaipur, Uttar Pradesh, for GAIL. EIL signed multiple Memorandums of Understanding (MoUs) during the fiscal year, including agreements with BP, Sunrise CSP, Munition India Limited, Rail Vikas Nigam Limited, and Detect Technologies. These collaborations cover areas such as refining, concentrated solar technology, defence sector infrastructure, railway redevelopment, and AI-based video analytics. The company enlisted 11 new indigenous suppliers and 46 MSME suppliers during the fiscal. Domestic supplies accounted for 95 per cent in the refinery segment and 82 per cent in petrochemicals. Under its startup initiative EngSUI, EIL committed over ₹20 crore in funding, with ₹12 crore disbursed to date. The company filed 27 patents and 3 trademarks during FY25 and is registered with ADNOC for licensing technologies including Sulphur Recovery Units and Gas Sweetening Units.
