Latest news with #EngineersIndiaLtd
Business Standard
6 days ago
- Business
- Business Standard
Volumes soar at LMW Ltd counter
LMW Ltd recorded volume of 36954 shares by 10:46 IST on BSE, a 296.42 times surge over two-week average daily volume of 125 shares Gujarat Pipavav Port Ltd, Engineers India Ltd, Concord Biotech Ltd, Sobha Ltd are among the other stocks to see a surge in volumes on BSE today, 30 May 2025. LMW Ltd recorded volume of 36954 shares by 10:46 IST on BSE, a 296.42 times surge over two-week average daily volume of 125 shares. The stock lost 3.15% to Rs.16,840.00. Volumes stood at 126 shares in the last session. Gujarat Pipavav Port Ltd clocked volume of 11.51 lakh shares by 10:46 IST on BSE, a 15.05 times surge over two-week average daily volume of 76436 shares. The stock gained 8.21% to Rs.160.10. Volumes stood at 55833 shares in the last session. Engineers India Ltd clocked volume of 26.46 lakh shares by 10:46 IST on BSE, a 9.85 times surge over two-week average daily volume of 2.69 lakh shares. The stock gained 5.75% to Rs.229.95. Volumes stood at 10.02 lakh shares in the last session. Concord Biotech Ltd notched up volume of 37980 shares by 10:46 IST on BSE, a 6.02 fold spurt over two-week average daily volume of 6311 shares. The stock rose 5.03% to Rs.1,750.85. Volumes stood at 12180 shares in the last session. Sobha Ltd recorded volume of 37221 shares by 10:46 IST on BSE, a 5.6 times surge over two-week average daily volume of 6648 shares. The stock gained 3.28% to Rs.1,432.90. Volumes stood at 11681 shares in the last session.
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.
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
23-04-2025
- Business
- Economic Times
Stock Radar: Engineers India stock takes support above 200-EMA, ends 14-week consolidation; check target price & stop loss
Engineers India Ltd (EIL), part of the civil construction space, took support above the 200-week Exponential Moving Average on the weekly charts in March 2025 and bounced traders can look to buy the stock for a target of Rs 208 in the next 1-2 months if the momentum sustains, suggest experts. The civil construction stock hit a high of Rs 304 on July 12, 2024, but it failed to hold the momentum. It closed at Rs 184 on April 22,
