Introduction:
Infra stock under ₹200 secured an EPCM contract worth ₹252.95 Crores for a 360 KTPA Polypropylene Unit Project at Numaligarh Refinery. This domestic project strengthens its refinery and petrochemical portfolio, with completion targeted within 36 months, boosting infrastructure and engineering service growth.
Share Price movement of Engineers India:
On March 18, 2025, Engineers India Limited opened at ₹161.98, reaching a high of ₹163.40, up 1.43% from its previous close of ₹159.02, with a low of ₹160.23. The stock is currently trading at ₹161.29, with a market cap of ₹9,065.18 Crores.
Engineers India share price rise:
Engineers India Limited (EIL) received an EPCM contract from Numaligarh Refinery Limited (NRL) for the 360 KTPA Polypropylene Unit Project. The project is located at Numaligarh Refinery, with an estimated contract value of ₹252.95 Crores, excluding GST.
The work order was received on March 13, 2025, with clarification on contractual terms finalized on March 17, 2025. This domestic project is scheduled for completion within 36 months, strengthening EIL’s project portfolio in the refinery and petrochemical sector.
EIL holds a minority stake in NRL, but the contract does not qualify as a related party transaction. The company assured stakeholders of transparency and compliance, with the project reflecting continued growth in infrastructure and engineering services.
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Stock performance of Engineers India for Period of 1 week, 6 months and 1 year:
Engineers India stock recorded a 1.24% decline over the past week, followed by a 22% drop in the last six months. Over the one-year period, the stock witnessed a 14.2% loss, indicating weak performance across both short-term and long-term durations.
Shareholding pattern of Engineers India:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 51.32 | 51.32 | 51.32 |
| FII | 6.89 | 7.31 | 7.26 |
| DII | 10.59 | 11.01 | 13.9 |
| Retail & others | 31.2 | 30.33 | 27.51 |
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About Engineers India:
Engineers India Limited (NSE:ENGINERSIN) is a leading engineering consultancy and EPC company specializing in the oil, gas, refinery, petrochemical, and infrastructure sectors. It provides project management, design, and engineering services, contributing significantly to India’s industrial and infrastructure development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
