Government has selected three investment bankers, ICICI Securities, IDFC and Kotak Mahindra Capital, for managing 10% stake sale of Engineers India Ltd (EIL).
Engineers India Limited (EIL) has dipped almost 6% to Rs 225 in noon deals after the Cabinet Committee on Economic Affairs (CCEA) approved the sale of 10% stake in the state-owned company.
The Cabinet is likely to discuss a proposal this week to sell a 10 per cent stake in Engineers India Ltd (EIL), which may help the government raise Rs 645 crore for its dwindling coffers.
State-owned Engineers India Ltd today said it has bagged a consultancy service contract from Cairn Energy India Pty Ltd for its enhanced oil recovery project for Mangala oil field in the prolific Rajasthan block.
Engineers India is trading higher by 3% at Rs 245 after the state-owned company said that it has secured a project management consultancy contract from GSPL India Transco Limited (GITL), for Mallavaram-Bhopal- Bhilwara-Vijaipur Natural Gas Pipeline
Defying a weak market trend, shares of Engineers India Ltd (EIL) today closed with over four% rise after the company bagged a Rs 720-crore contract from Bharat Petroleum Corp Ltd.
State-owned Engineers India Ltd (EIL) has bagged a Rs 720 crore contract to provide engineering consultancy services to Bharat Petroleum Corp Ltd's Kochi refinery expansion project.
Engineers India is trading higher by 3% at Rs 242 after reporting a 22% year-on-year (y-o-y) jump in net profit at Rs 147 crore for the quarter ended September 2011, as against Rs 120 crore in the year ago period.
The company, which provides design and engineering consultancy to oil and gas business, had posted a net profit of Rs 119.94 crore in the July-September quarter of previous year, EIL said in a statement here.
The government is likely to accord the coveted Navratna status to Engineers India Ltd (EIL), which will provide the company greater operational autonomy.
Engineers India Ltd (EIL) Chairman and Managing Director A K Purwaha talks to Priya Kansara Pandya about the new growth opportunities and financial performance outlook.
State-run Engineers India (EIL) may acquire equity stake in the refinery and petrochemical projects where it is likely to give engineering and construction consultancy, its Chairman and Managing Director A K Purwaha said today.
State-run Engineers India today said its net profit grew 10.25% to Rs 122.45 crore for the third quarter ended December 31, 2010, over the corresponding period a year ago.
State-run Engineers India Limited today said it is mulling to bid under the ninth round of the New Exploration and Licencing Policy (NELP) of oil and gas blocks and enter city gas distribution projects.
