Engineers India Limited — New Orders, 18-03-2025: Bagging/Receiving of orders/contracts

Numaligarh Refinery Limited (NRL) has awarded Engineers India Limited (EIL) a contract for EPCM Services for a 360 KTPA Polypropylene Unit project at its refinery in Numaligarh. The total estimated value of the contract is approximately ₹252.95 Crore, plus GST. The work order was received on March 13, 2025, with subsequent clarification on contractual terms finalized on March 17, 2025. This contract demonstrates EIL's continued involvement in significant domestic projects, reflecting potential growth opportunities while also acknowledging their minority stake in NRL. Investors should monitor this development for its implications on EIL's operational capacity and future revenue generation.