Engineers India Ltd
Engineers India Ltd (ENGINERSIN)

Engineers India Ltd (ENGINERSIN)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-9.4 %
3 Month Return-2.57 %
1 Year Return-32.03 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 17
Rank 16
Rank 21
Dividend Yield
Rank 4
Rank 7
Price To Book Ratio
Rank 11
Debt To Asset
Rank 25

Company Information

Engineers India Ltd EIL is an engineering consultancy company providing design engineering procurement construction and integrated project management services principally focused on the oil and gas and petrochemicals industries in India and internationally. The company operates in a diverse set of other sectors including nonferrous mining and metallurgy and infrastructure. They are also a primary provider of engineering consultancy services for the GoIs energy security initiative under its Integrated Energy Policy for strategic crude storages. Engineers India Ltd is a publiclisted company under the Ministry of Petroleum and Natural Gas. The companys services include preparation of project feasibility reports technology selection project management process design basic and detailed engineering procurement inspection project audit supply chain management cost engineering planning and scheduling facilitation of statutory and regulatory approvals for Indian projects construction management and commissioning. The company also provides specialist services such as heat and mass transfer equipment design environmental engineering services specialist materials and maintenance services energy conservation services plant operation and safety services. They also execute projects on a turnkey basis. The companys business is aligned into two principal operating segments: the Consultancy and Engineering segment and the Lumpsum Turnkey Projects segment. The projects on which the company provides engineering consultancy and project management and implementation services are included in the Consultancy and Engineering segment. The projects that they undertake on a turnkey basis are included in their Lumpsum Turnkey Projects segment. With corporate office in New Delhi EIL also operates from its office in Gurugram branch office in Mumbai three regional engineering offices in Kolkata Chennai Vadodara and has inspection offices at all major manufacturing locations of the country. The companys overseas presence is marked by an engineering office in Abu Dhabi which caters to the business needs in UAE/MiddleEast region. Additionally there are offices in London Milan and Shanghai to coordinate the activities of international procurement and marketing.EIL has a wholly owned subsidiary Certification Engineers International Limited CEIL which provides services in the field of certification recertification third party inspection services. The company has also established a Joint Venture viz Ramagundam Fertilizers and Chemicals Limited RFCL with National Fertilizers Limited NFL and Fertilizer Corporation of India FCIL for revival of Ramagundam Fertilizer Plant.Engineers India Ltd was incorporated in the year 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. In the year 1967 the company became a wholly owned Government company. In the year 1969 they diversified into petrochemicals.In the year 1971 the company formed Ocean Engineering Department. They commenced their first metallurgical project in the year 1972. In the year 1973 they entered into Fertilizers and Pipeline projects and also opened the procurement office in London. In the next year they got their first overseas assignment. In the year 1976 the company formed the training division and in the next year they got their first Oil Gas processing project.In the year 1989 the company opened their own RD Centre at Gurgaon. In the year 1992 they opened their Engineering Office in Qatar. In the year next year they opened their regional offices in Chennai and Vadodara. In the year 1993 the company formed EIL Asia Pacific Sdn Bhd as a wholly owned subsidiary company and in the next year they formed another wholly owned subsidiary company namely Certification Engineers International Ltd. In the year 1996 the Government of India disinvested about 6 of their holding in the company through a private placement to certain banks mutual funds etc. In the year 1997 the company was awarded the Mini Ratna Status by the Government of India. In the year 1998 the company diversified into LNG and Refinery Residue based Power Plants. In the next year they entered into Turnkey Contracting in which they undertook turnkey projects in the areas of Offshore Platforms and Offsite Automation.During the year 200102 the company received two orders for LSTK job from ONGC for their MNW Platform project for a value of Rs 820 crore and N11/N12 Well Platforms Project for a value of Rs 400 crore. Also they secured new business totaling Rs 1331 crore. They completed and commissioned HaziraDahej Gas Pipeline of IPCL VizagVijaywada Multiproduct Pipeline to Secunderabad of HPCL and CochinCoimbatoreKarur Multiproduct Pipeline of Petronet CCK Ltd. Also they completed the 204 km long 18 dia TatipakaKondapale Pipeline Project of GAIL along with modification ofterminal at Tatipaka. During the year the company commissioned third Gas Turbine for BPCLs Captive Power Plant expansion project at Mahul Mumbai. Also they set up FrontEnd Marketing and Engineering offices at Abu Dhabi and Qatar to service the oil and gas projects in the Gulf region. Through these offices EIL secured and executed a number of consultancy assignments.In September 2001 they commissioned the Fluid Catalytic Cracking Unit at Haldia Refinery. In December 2001 the 600000 TPA Diesel Hydrotreater Project with associated facilities at Guwahati Refinery was mechanically completed. In the area of Port Terminals the POL jetty with topside facilities for BPCL at Jawaharlal Nehru Port was commissioned in February 2002.During the year 200203 the company completed the major refinery projects such as Second DHDS Reactor Project of Kochi Refineries Diesel Hydrotreater Solvent Dewaxing and Hydrogen Units of IOCL at Digboi Diesel Hydrotreater Unit of IOCL at Guwahati Diesel Hydrotreater and FCC Units of IOCL at Barauni and The FCC Revamp at BPCLs Mumbai Refinery. In the Pipeline division they completed the MangaloreBangalore multiproducts. During the year in the Onshore Oil Gas jobs pertaining to LBDP expansion and gas plant for Niko Resources Ltd. Gas Metering Station at ONGC Hazira Improved Oil Recovery Project at ONGC Gandhar and NTGG Project at GAIL Vaghodia were completed. In the Offshore Oil Gas they commissioned the fifth process Gas Compressor at HRC platform in the Heera field the BHN Process Revamp project augmentation of living accommodation at NLW platform and engineering of the STD platform in South Tapti field. In the Metallurgy division they completed the Nalco Alumina/ Aluminium expansion project. Also they commissioned the Aluminium Smelter Expansion Project of INDAL at Hirakud.During the year 200304 the company completed the major refinery projects such as Hydrotreating Project of IOCL at Digbol and 3 MMTPA Refinery Expansion Project of CPCL Chennai. In Petrochemicals they completed the FEED Packages for Instrumentation Modernisation of KNPC Kuwait. In the Pipelines the company completed the projects such as DahejVijaipir Product Pipeline of Gail Extension of MumbaiMunmad Pipeline of BPCL and VizagSecundarabad LPG Pipeline of Gail. Also they completed the MNW offshore project and N11/N12 platform project of ONGC.During the year 200304 the company completed some of the major refinery projects such as 6 MMTPA Refinery Modernisation Project of BPCL Mumbai and AVU Revamp at Mathura Refinery of IOCL. They completed the prestigious 610 Km long 42 inch diameter DahejVijaipur Pipeline for transporting regasified LNG from the coast of Dahej in Gujarat to the HBJ Pipeline. Also they completed FEED Services Contract for Inter Refineries Pipelines IRP Project of Takreer an ADNOC Group of Companies of Abu Dhabi. The Export Pipeline Project of Hazira LNG Shell Group Company Mora Sajod Pipeline Project of Gujarat State Petronet Ltd and Blue Sky Pipeline Project of GAIL were the domestic projects which were completed during the year.During the year 200506 the company completed the refinery projects such as DHT CDU/VDU OHCU Sulphur Block and associated Utilities Offsites for Panipat Refinery Expansion Project of IOCL Capacity Expansion cum Modernisation Project PhaseI at Kochi of KRL and Reconstruction of FCC Unit at Gujarat Refinery Vadodara of IOCL. The Metallurgy division completed the some of the projects such as Engineering services for 1.4 MMTPA Greenfield Alumina Refinery Project of Vedanta Aluminia at Lanjigarh and Preparation of Concept Study for 1.5 MMTPA Greenfield Alumina Refinery and Mining Complex in Orissa for BHP Billiton the worlds largest mining base metals company in the world.During the year the company completed some of the overseas assignments such as AhwazMarun gas Compression Treatment Plant of Iran International Engineering Company third Aromatics Plant of Bou Ali Sina Petrochemicals Company and Expansion of Olefins Plant of Bandar Imam Petrochemical Company. Also the Plant Operations Safety division commissioned Hydrocracker Unit of Mumbai Refinery Modernisation Project of BPCL and Hydrogen DHT and Hydrocracker Units of Panipat Refinery. In November 2005 the expansion of UP Petrochemicals Complex of GAIL at Pata was completed and successfully commissioned. In December 2005 ONGC awarded the job for Revival of MNW Platform on EPC basis and in February 2006 D1 Well Cum Water Injection Project of ONGC was commissioned.During the year 200607 the company completed three major refinery projects namely Motor Spirit Quality Upgradation Project at Gujarat Refinery Vadodara of IOCL 10.5 MMTPA CDU/VDU at Vadinar Refinery of Essar Oil and Expansion of Panipat Refinery of IOCL to 12 MMTPA. In the Petrochemicals Division they commissioned the PTA Project of Panipat Refinery. In the Pipelined division they completed 343 km multi product PuneSholapur pipeline of HPCL and 776 km MumbaiManmadManglaya pipeline extension of BPCL. Also they started preproject activities on the 1092 km MundraBhatinda Crude Oil Pipeline of GGSRL for the upcoming Bhatinda Refinery.During the year the Metallurgy division bagged consultancy services contracts from National Mineral Development Corporation for some of their upcoming projects. In the Turnkey projects they commissioned the Rs 821 crore Paraxylene Plant. They completed the overseas assignments such as Engineering Consultancy Services for Shuaiba Petrochemicals Complex of Equate Petrochemical Company Kuwait and Product storage Tanks at Buipe and Bolgatanga for BOST Ghana. In December 2006 they completed the MNW revival project in Mumbai.During the year 200708 the company completed the Refinery Project of Essar Oil at Vadinar. Green Fuel Emission Control Project of HPCL Mumbai Clean Fuel Project at Visakh Refinery of HPCL and Diesel Hydeotreated Project DHDT of BRPL are at an advanced stage of construction. In the Pipelines they completed 340 km DabholPanvel Gas Pipeline of GAIL and 1066 km MundraDelhi MultiProduct Pipeline of HPCL. Also Work on 660 km Numaligarh Siliguri Pipeline of Oil India the 935 km Vadinar Bina Pipeline for transportation of crude oil to Bina Refinery and the 1012 km Mundra Bathinda Crude oil Pipelining of HMPL for transporting crude to the Guru Gobind Singh Refinery Project are progress.In the Onshore Oil Gas the work on Expansion of Dahej LNG Terminal of Petronet LNG Ltd from 5 MMTPA to 10 MMTPA for which EIL is providing PMC services is progressing well. In the Metallurgy Muri Alumina Refinery Expansion Project of Hindalco was successfully completed. They completed the seven overseas assignments during the year. The Government of India had approved setting up strategic crude oil storages in the country at three locations namely Visakhapatnam Mangalore and Padur. In September 2007 a new HDPE Unit of Petrochemicals Complex at Pata of Gail was mechanically complete and successfully taken into commercial production in December 2007. During the year the company was awarded EPCM contract for the grass roots Petrochemicals Complex being set up at Lepetkata near Dibrugarh as part of the Assam accord of Brahmaputra Cracker and Polymers Ltd. The company was also awarded the preparation of a feasibility report for setting up a polypropylene complex at Mangalore based on propylene recovered from FCCU LPG for ONGC Mangalore Petrochemicals Ltd. During the period they bagged the prestigious 588 km Vijaipur Dadri Bawana Gas Pipeline Project of GAIL besides Bina Kota Pipeline Project of BPCL. The company was successful in bagging the green field 1.4 MMTPA Alumina Refinery Project of JSW Alumina Ltd.During the year 200809 the company commissioned three Mumbai Offshore Control Centres of ONGC. In Metallurgy the company was awarded two major engineering consultancy jobs namely 0.36 MMTPA Smelter at Sambalpur Orissa of Hindalco and 0.36 MMTPA Smelter at Singrauli MP of Hindalco. In July 2008 the company and Tata Projects Ltd formed a joint venture to undertake projects in the hydrocarbon sector.During the year the company entered into an MoU with Siirtec Nigi Italy for the supply of Technology and Basic Design Engineering Package of Sulphur recovery units with tail gas treatment to achieve sulphur recovery in excess of 99.8. Also EILSINI combine was awarded the job for supply of Technology and Basic design and engineering package for the MRPL PhaseIII Project.During the year 200910 Gujarat State Petroleum Corporation GSPC awarded PMC services contract to the company for projects Wellhead Platform and ProcesscumLiving Quarter Platform. The company received work orders from ONGC for providing consultancy services for Cluster7 BHE and MNWN15 Pipeline of MNHRD PhaseII Project and WIN Revamp Project. Also they received a work order from MRPL for executing SPM and Associated facilities including Subsea Pipeline Booster Station and Onshore Pipeline on OBE basis.During the year the company commissioned Gas Gathering StationI as part of Rudra Sagar Modernization project of ONGC under Assam Asset. They received the project for onshore gas processing faclities for Deen Dayal Field Development Project on OBE basis. The companys Metallurgy Division completed the Engineering work for Rectiformer Replacement for Reduction Lines 12 of Aluminium Bahrain ALBA. In August 2010 the Government of India divested 10 of the paid up capital in the company. Thus the shareholding of Government of India in the company reduced to 80.401 from 90.401.In 2011 the company established the joint venture company Jabal EILIOT Company Limited with Jabal Dhahran Company Limited and IOT Infrastructure Energy Services Limited in the Kingdom of Saudi Arabia KSA. During the year Engineers India commenced work in the nuclear energy segment as well as the solar energy segment. During the year 201213 Engineers India entered into production sharing contract with the Government of India for exploration blocks. The year also marked the companys expansion into overseas fertilizer projects.In 2014 the company received OHSAS 18001 and ISO 14001 certification. During the year the company successfully completed Further Public Offer FPO of 10 of paidup equity share capital. During the year the Government of India accorded the Navratna status to the company. In 2015 Ramagundam Fertilizers and Chemicals Ltd. was formed as a joint venture company among Engineers India NFL and FCIL for revival of Ramagundam Fertilizer Project.In 2016 the Government of India completed the Offer for Sale OFS for divestment of 10 stake in the company. During the year Engineers India received ISO 9001:2015 certification.In 2017 the company completed buyback of its own equity shares. Pursuant to the Public Announcement published on 17 June 2017 and letter of offer dated 17 July 2017 the company bought back its 4.19 crore equity shares at a buyback price of Rs 157 per share through tender offer route under Stock Exchange Mechanism and extinguished these shares on 16 August 2017.During the year 2018 technical bid evaluation of EPC packages of Chhara LNG Project of HPCL Shapoorji Energy Pvt. Limited HSEPL a Joint Venture between Flindustan Petroleum Corporation Limited HPCL and Shapoorji Pallonji Ports Private Limited were successfully completed.
OrganisationEngineers India Ltd
HeadquartersNew Delhi
IndustryInfrastructure Developers & Operators