Engineers India shares zoomed 15.9 per cent in trade on BSE, logging an intra-day high at ₹209.7 per share. At 11:10 AM, Engineers India’s price was trading 15.04 per cent higher at ₹208 per share. In comparison, the BSE Sensex was down 1 per cent at 82,840.92.
The buying on the counter came after the company posted its Q3 results after market hours.
In the December quarter, Engineers India reported a 219 per cent jump in consolidated net profit to ₹347.16 crore, as compared to ₹108.73 crore a year ago. Its revenue from operations stood at ₹1,210.24 crore, as compared to ₹764.58, up 58 per cent year-on-year (Y-o-Y).
The total income of the company stood at ₹1,269.43 crore, as compared to ₹802.66 crore a year ago. Its total expenses stood at ₹868.83 crore, as compared to ₹676.83 crore a year ago.
That apart, recently, the company secured a contract worth more than $350 million from Nigeria’s Dangote Group to act as Project Management Consultant (PMC) and EPCM consultant for a major expansion of Africa’s biggest refinery.
In a stock exchange filing, EIL said Dangote plans to expand its Lekki Free Zone integrated refinery and petrochemical complex’s refining capacity from 650,000 barrels per day to 1.4 million barrels per day (Train 2), with the expanded facility slated to produce Euro VI-grade fuels. Alongside the refining expansion, Dangote also plans to scale up polypropylene capacity from 830 kTPA to 2.4 MMTPA by revamping the existing polypropylene unit and installing an additional 1.2 MMTPA unit, along with a 750 kTPA UOP Oleflex unit to supplement propylene feed.
Engineers India noted it previously partnered with Dangote as PMC and EPCM consultant for the 650,000 bpd refinery and petrochemical complex, which was commissioned in 2024. The company said the new mandate underscores Dangote’s confidence in EIL’s engineering and project management capabilities and positions the expanded complex among the largest refinery projects at a single location globally.
Engineers India is a leading global engineering consultancy and Project Management company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilisers to leverage its strong technical competencies and track record.
