Latest news with #VartikaShukla
Time of India
a day 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
2 days ago
- Business
- Business Upturn
Engineers India signs MoU with NPCIL for development of Bharat Small Modular Reactor
By Aman Shukla Published on August 14, 2025, 11:14 IST Engineers India Limited (EIL) has officially signed a Memorandum of Understanding (MoU) with the Nuclear Power Corporation of India Limited (NPCIL) to provide engineering services for the development of the Bharat Small Modular Reactor (BSMR). The collaboration focuses on conceptual design and engineering of critical structures, systems, and components of the BSMR. The MoU was signed on 12th August 2025 at the NPCIL Mumbai office, in a ceremony attended by senior leaders from both organizations. The agreement was executed by Director Commercial of EIL and Director Technical of NPCIL, in the presence of CMD EIL, Ms Vartika Shukla, and CMD NPCIL, Shri B.C. Pathak, along with other senior management officials. EIL, a public sector undertaking under the Ministry of Petroleum & Natural Gas (MoPNG), offers end-to-end services from concept to commissioning across multiple industrial sectors. NPCIL, a Public Sector Enterprise under the Department of Atomic Energy (DAE), is responsible for establishing and operating nuclear power plants across India. This strategic partnership aligns with the Government of India's vision to accelerate nuclear power adoption, promoting clean, green, and reliable energy to enhance India's energy security. The collaboration is also a significant step toward the Nuclear Energy Mission for Viksit Bharat, aiming to achieve a nuclear power capacity of 100 GW by 2047. 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
Mint
30-05-2025
- Business
- Mint
Navratna PSU Engineers India shares rise 10% amid weak Indian Stock Market: Here Why?
Stock Market Today: Navratna PSU Engineers India shares gained almost 10% amid weak Indian Stock Market when the sensex was down almost 0.3%. Here Why? Navratna PSU Engineers India reported strong performance for the quarer ending March 2025 where its reported standalone net profit at ₹ 243.23 crore in Q4FY25 saw a sharp 167.47% rise compared to ₹ 90.94 crore in in Q4 FY24 or March 2024 quarter. The same was helped by strong operating performance as EBITDA at around Rs. 336 crore in March 2025 quarter grew 163% compared to around Rs. 128 crore during the year ago quarter. Revenues from operations reported by Engineers Indai at ₹ 991.13 crore during the January - March 2025 quarter grew 25.42% from Rs. 790.27 crore in January to March 2024 quarter. For the fiscal year 2024–2025, a final dividend of ₹ 2/- (Rupee two only) per share (on the face value of `5/- apiece) is recommended for the Navratna PSU Engineers India's equity shares. At the following Annual General Meeting, shareholders must approve the final dividend. State-run engineering consultancy and project management firm and Navratna PSU Engineers India Ltd is considering taking on more projects in both the power generation and nuclear power segments as the Center seeks to expand baseload capacity by adding thermal and nuclear power plants in the nation, indicated its chairman and managing director (CMD), Vartika Shukla, adressing the reported on Thursday, as reported by Mint. Navratna PSU Engineers India shares opened at ₹ 222.20 on the BSE on Friday, more than 2% higher compared to the previous days closing price of ₹ 217.45. . The Navratna PSU Engineers India shares gained to intraday highs of ₹ 239, which thereby meant gains of almost 10% during the intraday trades despite weakness when Indian stock market was weakness in the Indian Stock Market and on a day when sensex was down around 0.3%. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
30-05-2025
- 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
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.
