Engineers India soars on bagging order from Oil and Natural Gas Corporation

Engineers India is currently trading at Rs. 113.05, up by 3.15 points or 2.87% from its previous closing of Rs. 109.90 on the BSE.

Engineers Indias
Engineers Indias

The scrip opened at Rs. 113.15 and has touched a high and low of Rs. 113.65 and Rs. 111.95 respectively. So far 170693 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 114.50 on 07-Jun-2023 and a 52 week low of Rs. 55.95 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 114.50 and Rs. 109.15 respectively. The current market cap of the company is Rs. 6176.85 crore.

The promoters holding in the company stood at 51.32%, while Institutions and Non-Institutions held 23.77% and 24.91% respectively.

Engineers India has received order from Oil and Natural Gas Corporation (ONGC) for replacement of 03 No’s CSU Off-gas compressors and 6 no’s regeneration gas compressors, installation of CBD vessel at Uran Plant under EPC reimbursable basis (Open Book Estimate (OBE) mode). The total estimated order value is about Rs 472 crore with a project completion schedule of about 40 months.

Engineers India is engaged in the business of providing engineering and related technical services for petroleum refineries and other industrial projects.

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