13 Feb 2025

Engineers India Shares Rise; Secures Rs 106 Crore Contract from IOCL

Engineers India is currently trading at Rs 170.15, up by 1.75 points or 1.04% from its previous closing of Rs 168.40 on the BSE.

The stock opened at Rs 169.80 and reached a high of Rs 171.90 and a low of Rs 165.70. A total of 1,22,139 shares have been traded so far.

Engineers India's 52-week high stands at Rs 304.00 (12-Jul-2024), while its 52-week low is Rs 148.50 (12-Feb-2025). Over the past week, the stock touched a high of Rs 172.25 and a low of Rs 148.50. The company’s market capitalization is Rs 9,504.14 crore.

Promoters hold 51.32% of the company’s shares, while institutional and non-institutional investors own 17.48% and 31.19%, respectively.

The company has secured a contract from Indian Oil Corporation (IOCL) for Phase-I of Project Management/Managing Project Management Consultancy (MPMC) Services and Project Management Consultancy (PMC-2) Services under the Paradip Petrochemical Complex (PDPC) Project in Odisha. The estimated contract value is around Rs 106 crore, with completion expected in 10 months.

Engineers India provides engineering and technical services for petroleum refineries and other industrial projects.