Latest news with #EngineersIndiaLimited
Business Upturn
2 days ago
- Business
- Business Upturn
Engineers India shares jump 3% after signing agreement with ONGC R&D arm for Helium Recovery Demonstration Plant at Kuthalam
Engineers India Limited (EIL) shares jumped 3% on Tuesday after Oil and Natural Gas Corporation's research and development arm, ONGC Energy Centre Trust (OECT), signed an agreement with the company to set up a Helium Recovery Demonstration Plant at ONGC's Kuthalam Gas Collection Station in Cauvery Asset, Tamil Nadu. As of 9:32 AM, the shares were trading 2.32% higher at Rs 195.74. The agreement, signed on 18 August 2025, is valued at ₹39.42 crore (plus GST) and covers preparation of the Detailed Project Report (DPR), Basic Engineering Design Package (BEDP), and execution through EPCM and Supply model, including design, procurement, construction, commissioning, and performance testing. The project is scheduled for completion within 18 months. The upcoming demonstration plant will process 750 Nm³/hr of natural gas and is capable of operating at 110% of its design capacity. Developed with CSIR–Indian Institute of Petroleum (CSIR-IIP) technology, the facility will produce Grade-A Helium with 99.995% purity. Helium, widely used in space exploration, semiconductor manufacturing, cryogenics, fibre optics, and medical technologies, is currently imported into India. The project marks a major step in reducing import dependency and aligns with the government's Atmanirbhar Bharat vision by strengthening indigenous capability in high-value gases. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
6 days ago
- Business
- Time of India
EIL, NPCIL sign MoU for engineering services on Bharat Small Modular Reactor
New Delhi: Engineers India Limited ( EIL ) on Thursday said it has signed a Memorandum of Understanding (MoU) with Nuclear Power Corporation of India Limited ( NPCIL ) to provide engineering services for the conceptual design and engineering of structures, systems, and components of Bharat Small Modular Reactor . According to the companies, the collaboration aligns with the Government of India's vision to accelerate nuclear power development as a source of clean, green, and reliable energy, aimed at strengthening the country's energy security. It is also positioned as part of the Nuclear Energy Mission for Viksit Bharat, which targets achieving 100 GW of nuclear power capacity by 2047. EIL, a public sector undertaking under the administrative control of the Ministry of Petroleum and Natural Gas, provides services from concept to commissioning across multiple industrial sectors. NPCIL, under the Department of Atomic Energy, is engaged in setting up and operating nuclear power plants across India. The agreement was signed by Director - Commercial of EIL and Director - Technical of NPCIL in the presence of EIL Chairperson and Managing Director Vartika Shukla, NPCIL Chairman and Managing Director B C Pathak, and other senior management officials from both organisations at NPCIL's Mumbai office on August 12, 2025.
Business Upturn
7 days ago
- Business
- Business Upturn
Engineers India's shares drop fall nearly 3% as Q1 Net Profit declines 28.6% YoY
By Aditya Bhagchandani Published on August 14, 2025, 09:51 IST Shares of Engineers India fell 2.70% to Rs 195.80 in Thursday's early trade after the company reported a 28.6% year-on-year (YoY) decline in net profit for Q1 FY26 to Rs 65.4 crore, down from Rs 91.6 crore in the same period last year. The fall in share price led to a market capitalisation decline of about Rs 2,970 crore, bringing its current market cap to Rs 11,007 crore. The stock opened lower and moved within a range of Rs 195.53 to Rs 200.39 so far in the session, compared to the previous close of Rs 201.24. The year's trading range has been between Rs 142.20 and Rs 255.45. For the June quarter, Engineers India posted revenue of Rs 870 crore, marking a 39.4% increase from Rs 624 crore a year ago. EBITDA rose 40.3% to Rs 72.1 crore from Rs 51.4 crore last year, while operating margins were steady at 8.3% versus 8.2% in Q1 FY25. Engineers India Limited, established in 1965, operates as a public sector industrial technology, engineering consultancy, and technology licensing company. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hindustan Times
10-08-2025
- General
- Hindustan Times
Construction of Ram temple's security wall to begin this month
The last major construction activity at the Ram Mandir, a 3,400-metre-long and 16-foot-high security wall (boundary wall), is set to begin this month and is expected to take six to eight months to complete. It will be the last major construction activity at the Ram Mandir in Ayodhya. (File Photo) According to Shri Ram Janmabhoomi Tirath Keshetra Trust, the wall aims to enhance the security of the temple complex and establish it as a well-organised religious structure. 'This construction work is estimated to cost ₹80-90 crore. The Engineers India Limited has been entrusted with the responsibility of constructing the wall,' Anil Mishra, a member of the Trust, said. The construction of the security wall will begin from the northern direction of the complex. The construction is expected to take around six to eight months to complete, Mishra said. 'The wall will not only ensure the security of the temple but will also establish the sanctity of the temple's spiritual area. It will feature modern security equipment, including barbed wires and sensors. Several watchtowers will be constructed near the wall to enhance surveillance,' Mishra added. Notably, the Trust will organise a three-day mega flag-hoisting ceremony at the Ram temple from November 23 to 25. Saints and other guests from all across the country will be invited for the event. Flags will be hoisted at other temples, too, in the Ram Janmabhoomi complex. The three-day rituals will commence on November 23 and the main flag-hoisting ceremony will take place on November 25. Flags will also be hoisted on temples dedicated to Lord Shiva, the Sun God, Lord Ganesh, Lord Hanuman, Mata Bhagwati, Annapurna, and Sheshavatar within the Ram Janmabhoomi complex. SECURITY WALL FEATURES: Length and height: The wall will be 3,400 metres long and 16-feet high. Security measures: The wall will feature modern security equipment, including barbed wires and sensors. Watchtowers: Several watchtowers will be constructed near the wall. Entrance gates: Four grand entrance gates will be built, named after prominent saints such as Ramanandacharya, Madhavacharya, Shankaracharya and Ramanujacharya. Distance from temple complex: The wall will be 20 feet away from the temple complex to facilitate easy patrolling by security forces.
New Indian Express
29-05-2025
- 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.
