Engineers india

Engineers India (EIL), a government undertaking (90.40% stake owned by the government), renders project consultancy and engineering services and also undertakes lumpsum turnkey (LSTK) projects. In addition to petroleum refineries, with which it started initially, EIL has diversified into and excelled in other fields such as pipelines, petrochemicals, oil and gas processing, offshore structures and platforms, fertilizers, metallurgy and power. EIL now provides a complete range of project services in these areas and has emerged as Asia’s leading design and engineering company.

EIL has to its credit more than 4,300 assignments including 320 major projects, in many cases at more than the rated capacity, creating an array of satisfied clients. The company has earned the reputation of being a veritable treasure of technical knowledge, skill and professional competence.

Due to the current capex upcycle, all its user industries are seeing and are expected to see mind-boggling investments. Five oil and gas giants, i.e., IOC, HPCL, BPCL, ONGC and GAIL, have substantial investment plans for expansion and upgradation. ONGC has asked EIL to be its main engineering consultant on a nomination basis (without calling for tenders) to set up LNG, petrochemical and power hubs at Mangalore and Dahej. EIL will help in project management and consultancy.

As per the latest report issued by the Central government, the power sector is set to witness investment of Rs 79408.02 cr, petroleum Rs 38475.73 cr, road transport and highways Rs 1642.64 cr, urban development Rs 11143.02 cr, fertilizers Rs 740 cr, civil aviation Rs 1028.65 cr, railways Rs 58829.55 cr, shipping and ports Rs 2306.83 cr and water resources Rs 1069.40. All these investment are only in the Central sector, where the company is well placed to bag the assignments. Additionally, substantial investment in each of these sectors are also planned in the state and private sectors. Due to its experience and knowledge base, EIL can get good assignments even in these sectors.

EIL is also giving a thrust on securing more overseas assignments, particularly, in Iran, Middle East (where it is going full blast South-East Asia (Indonesia, Malaysia, Vietnam), Algeria and Sudan. Higher crude oil prices have led to a boost in investment in the Middle East. The company already has rich experience and client referrals in these countries.

Hitesh Dharawat shared this info on one yahoo financial group.
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