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Engineers India Ltd.

BSE: 532178 Sector: Engineering
NSE: ENGINERSIN ISIN Code: INE510A01028
BSE LIVE 15:40 | 26 Sep 153.20 0.40
(0.26%)
OPEN

152.85

HIGH

154.90

LOW

151.50

NSE 15:58 | 26 Sep 153.10 0
(0.00%)
OPEN

154.25

HIGH

154.70

LOW

150.30

OPEN 152.85
PREVIOUS CLOSE 152.80
VOLUME 68691
52-Week high 175.70
52-Week low 117.53
P/E 29.69
Mkt Cap.(Rs cr) 9,681
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 152.85
CLOSE 152.80
VOLUME 68691
52-Week high 175.70
52-Week low 117.53
P/E 29.69
Mkt Cap.(Rs cr) 9,681
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Engineers India Ltd. (ENGINERSIN) - Company History

Engineers India Ltd is an engineering consultancy company providing design, engineering, procurement, construction and integrated project management services, principally focused on the oil and gas and petrochemicals industries in India and internationally. The company operates in a diverse set of other sectors including non-ferrous mining and metallurgy and infrastructure. They are also a primary provider of engineering consultancy services for the GoI's energy security initiative under its Integrated Energy Policy for strategic crude storages. Engineers India Ltd is a public-listed company under the Ministry of Petroleum and Natural Gas. The company's services include preparation of project feasibility reports, technology selection, project management, process design, basic and detailed engineering, procurement, inspection, project audit, supply chain management, cost engineering, planning and scheduling, facilitation of statutory and regulatory approvals for Indian projects, construction management, and commissioning. The company also provides specialist services such as heat and mass transfer equipment design, environmental engineering services, specialist materials and maintenance services, energy conservation services, plant operation and safety services. They also execute projects on a turnkey basis. The company's business is aligned into two principal operating segments: the Consultancy and Engineering segment and the Lumpsum Turnkey Projects segment. The projects on which the company provides engineering consultancy and project management and implementation services are included in the Consultancy and Engineering segment. The projects that they undertake on a turnkey basis are included in their Lumpsum Turnkey Projects segment. The company has two wholly-owned subsidiaries, namely Certification Engineers International Ltd and EIL Asia Pacific Sdn Bhd incorporated in India and Malaysia, respectively, and two strategic joint-venture companies, namely TEIL Projects Ltd and Tecnimont EIL Emirates Consultores e Servico, LDA, incorporated in India and Portugal, respectively. The company headquarter is situated at New Delhi. They are having branch office at Mumbai, zonal office at Kolkata, regional offices at Chennai and Vadodara and inspection offices at all major equipment manufacturing locations in India. They are also having overseas offices at London, Abu Dhabi, Kuwait, Qatar, Malaysia and Australia. Engineers India Ltd was incorporated in the year 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. In the year 1967, the company became a wholly owned Government company. In the year 1969, they diversified into petrochemicals. In the year 1971, the company formed Ocean Engineering Department. They commenced their first metallurgical project in the year 1972. In the year 1973, they entered into Fertilizers and Pipeline projects and also opened the procurement office in London. In the next year, they got their first overseas assignment. In the year 1976, the company formed the training division and in the next year they got their first Oil & Gas processing project. In the year 1989, the company opened their own R&D Centre at Gurgaon. In the year 1992, they opened their Engineering Office in Qatar. In the year next year, they opened their regional offices in Chennai and Vadodara. In the year 1993, the company formed EIL Asia Pacific Sdn Bhd as a wholly owned subsidiary company and in the next year, they formed another wholly owned subsidiary company namely, Certification Engineers International Ltd. In the year 1996, the Government of India disinvested about 6% of their holding in the company through a private placement to certain banks, mutual funds etc. In the year 1997, the company was awarded the 'Mini Ratna' Status by the Government of India. In the year 1998, the company diversified into LNG and Refinery Residue based Power Plants. In the next year, they entered into Turnkey Contracting, in which they undertook turnkey projects in the areas of Offshore Platforms and Offsite Automation. During the year 2001-02, the company received two orders for LSTK job from ONGC for their MNW Platform project for a value of Rs 820 crore and N11/N12 Well Platforms Project for a value of Rs 400 crore. Also, they secured new business totaling Rs 1331 crore. They completed and commissioned Hazira-Dahej Gas Pipeline of IPCL, Vizag-Vijaywada Multiproduct Pipeline to Secunderabad of HPCL and Cochin-Coimbatore-Karur Multi-product Pipeline of Petronet CCK Ltd. Also, they completed the 204 km long 18' dia Tatipaka-Kondapale Pipeline Project of GAIL along with modification ofterminal at Tatipaka. During the year, the company commissioned third Gas Turbine for BPCL's Captive Power Plant expansion project at Mahul, Mumbai. Also, they set up Front-End Marketing and Engineering offices at Abu Dhabi and Qatar to service the oil and gas projects in the Gulf region. Through these offices, EIL secured and executed a number of consultancy assignments. In September 2001, they commissioned the Fluid Catalytic Cracking Unit at Haldia Refinery. In December 2001, the 600,000 TPA Diesel Hydrotreater Project with associated facilities at Guwahati Refinery was mechanically completed. In the area of Port & Terminals, the POL jetty with topside facilities for BPCL at Jawaharlal Nehru Port was commissioned in February 2002. During the year 2002-03, the company completed the major refinery projects such as Second DHDS Reactor Project of Kochi Refineries, Diesel Hydrotreater, Solvent Dewaxing and Hydrogen Units of IOCL at Digboi, Diesel Hydrotreater Unit of IOCL at Guwahati, Diesel Hydrotreater and FCC Units of IOCL at Barauni and The FCC Revamp at BPCL's Mumbai Refinery. In the Pipeline division, they completed the Mangalore-Bangalore multi-products. During the year, in the Onshore Oil & Gas, jobs pertaining to LBDP expansion and gas plant for Niko Resources Ltd., Gas Metering Station at ONGC, Hazira, Improved Oil Recovery Project at ONGC, Gandhar and NTGG Project at GAIL, Vaghodia were completed. In the Offshore Oil & Gas, they commissioned the fifth process Gas Compressor at HRC platform in the Heera field, the BHN Process Revamp project, augmentation of living accommodation at NLW platform and engineering of the STD platform in South Tapti field. In the Metallurgy division, they completed the Nalco Alumina/ Aluminium expansion project. Also, they commissioned the Aluminium Smelter Expansion Project of INDAL at Hirakud. During the year 2003-04, the company completed the major refinery projects such as Hydrotreating Project of IOCL at Digbol and 3 MMTPA Refinery Expansion Project of CPCL, Chennai. In Petrochemicals, they completed the FEED Packages for Instrumentation Modernisation of KNPC, Kuwait. In the Pipelines, the company completed the projects such as Dahej-Vijaipir Product Pipeline of Gail, Extension of Mumbai-Munmad Pipeline of BPCL and Vizag-Secundarabad LPG Pipeline of Gail. Also, they completed the MNW offshore project and N11/N12 platform project of ONGC. During the year 2003-04, the company completed some of the major refinery projects such as 6 MMTPA Refinery Modernisation Project of BPCL, Mumbai and AVU Revamp at Mathura Refinery of IOCL. They completed the prestigious 610 Km long 42 inch diameter Dahej-Vijaipur Pipeline for transporting re-gasified LNG from the coast of Dahej in Gujarat to the HBJ Pipeline. Also they completed FEED Services Contract for Inter Refineries Pipelines (IRP) Project of Takreer, an ADNOC Group of Companies of Abu Dhabi. The Export Pipeline Project of Hazira LNG (Shell Group Company), Mora- Sajod Pipeline Project of Gujarat State Petronet Ltd and Blue Sky Pipeline Project of GAIL were the domestic projects which were completed during the year. During the year 2005-06, the company completed the refinery projects such as DHT, CDU/VDU, OHCU, Sulphur Block and associated Utilities & Offsites for Panipat Refinery Expansion Project of IOCL, Capacity Expansion cum Modernisation Project, Phase-I at Kochi of KRL and Reconstruction of FCC Unit at Gujarat Refinery, Vadodara of IOCL. The Metallurgy division completed the some of the projects such as Engineering services for 1.4 MMTPA Greenfield Alumina Refinery Project of Vedanta Aluminia at Lanjigarh and Preparation of Concept Study for 1.5 MMTPA Greenfield Alumina Refinery and Mining Complex in Orissa for BHP Billiton, the world's largest mining & base metals company in the world. During the year, the company completed some of the overseas assignments such as Ahwaz-Marun gas Compression & Treatment Plant of Iran International Engineering Company, third Aromatics Plant of Bou Ali Sina Petrochemicals Company and Expansion of Olefins Plant of Bandar Imam Petrochemical Company. Also, the Plant Operations & Safety division commissioned Hydrocracker Unit of Mumbai Refinery Modernisation Project of BPCL and Hydrogen, DHT and Hydrocracker Units of Panipat Refinery. In November 2005, the expansion of UP Petrochemicals Complex of GAIL at Pata was completed and successfully commissioned. In December 2005, ONGC awarded the job for Revival of MNW Platform on EPC basis and in February 2006, D-1 Well Cum Water Injection Project of ONGC was commissioned. During the year 2006-07, the company completed three major refinery projects namely, Motor Spirit Quality Upgradation Project at Gujarat Refinery, Vadodara of IOCL, 10.5 MMTPA CDU/VDU at Vadinar Refinery of Essar Oil and Expansion of Panipat Refinery of IOCL to 12 MMTPA. In the Petrochemicals Division, they commissioned the PTA Project of Panipat Refinery. In the Pipelined division, they completed 343 km multi product Pune-Sholapur pipeline of HPCL and 776 km Mumbai-Manmad-Manglaya pipeline extension of BPCL. Also, they started pre-project activities on the 1092 km Mundra-Bhatinda Crude Oil Pipeline of GGSRL for the upcoming Bhatinda Refinery. During the year, the Metallurgy division bagged consultancy services contracts from National Mineral Development Corporation for some of their upcoming projects. In the Turnkey projects, they commissioned the Rs 821 crore Paraxylene Plant. They completed the overseas assignments such as, Engineering Consultancy Services for Shuaiba Petrochemicals Complex of Equate Petrochemical Company, Kuwait and Product storage Tanks at Buipe and Bolgatanga for BOST, Ghana. In December 2006, they completed the MNW revival project in Mumbai. During the year 2007-08, the company completed the Refinery Project of Essar Oil at Vadinar. Green Fuel & Emission Control Project of HPCL, Mumbai, Clean Fuel Project at Visakh Refinery of HPCL and Diesel Hydeotreated Project (DHDT) of BRPL are at an advanced stage of construction. In the Pipelines, they completed 340 km Dabhol-Panvel Gas Pipeline of GAIL and 1066 km Mundra-Delhi Multi-Product Pipeline of HPCL. Also, Work on 660 km Numaligarh - Siliguri Pipeline of Oil India, the 935 km Vadinar - Bina Pipeline for transportation of crude oil to Bina Refinery and the 1012 km Mundra - Bathinda Crude oil Pipelining of HMPL for transporting crude to the Guru Gobind Singh Refinery Project are progress. In the Onshore Oil & Gas, the work on Expansion of Dahej LNG Terminal of Petronet LNG Ltd from 5 MMTPA to 10 MMTPA for which EIL is providing PMC services is progressing well. In the Metallurgy, Muri Alumina Refinery Expansion Project of Hindalco was successfully completed. They completed the seven overseas assignments during the year. The Government of India had approved setting up strategic crude oil storages in the country at three locations, namely Visakhapatnam, Mangalore and Padur. In September 2007, a new HDPE Unit of Petrochemicals Complex at Pata of Gail was mechanically complete and successfully taken into commercial production in December 2007. During the year, the company was awarded EPCM contract for the grass roots Petrochemicals Complex, being set up at Lepetkata near Dibrugarh as part of the Assam accord of Brahmaputra Cracker and Polymers Ltd. The company was also awarded the preparation of a feasibility report for setting up a polypropylene complex at Mangalore based on propylene recovered from FCCU LPG for ONGC Mangalore Petrochemicals Ltd. During the period, they bagged the prestigious 588 km Vijaipur- Dadri - Bawana Gas Pipeline Project of GAIL besides Bina - Kota Pipeline Project of BPCL. The company was successful in bagging the green field 1.4 MMTPA Alumina Refinery Project of JSW Alumina Ltd. During the year 2008-09, the company commissioned three Mumbai Offshore Control Centres of ONGC. In Metallurgy, the company was awarded two major engineering consultancy jobs namely 0.36 MMTPA Smelter at Sambalpur, Orissa of Hindalco and 0.36 MMTPA Smelter at Singrauli, MP of Hindalco. In July 2008, the company and Tata Projects Ltd formed a joint venture to undertake projects in the hydrocarbon sector. During the year, the company entered into an MoU with Siirtec Nigi, Italy for the supply of Technology and Basic Design & Engineering Package of Sulphur recovery units with tail gas treatment to achieve sulphur recovery in excess of 99.8%. Also, EIL-SINI combine was awarded the job for supply of Technology and Basic design and engineering package for the MRPL Phase-III Project. During the year 2009-10, Gujarat State Petroleum Corporation (GSPC) awarded PMC services contract to the company for projects Wellhead Platform and Process-cum-Living Quarter Platform. The company received work orders from ONGC, for providing consultancy services for Cluster-7, BHE and MNW-N-15 Pipeline of MNHRD Phase-II Project and WIN Revamp Project. Also, they received a work order from MRPL for executing SPM and Associated facilities including Subsea Pipeline Booster Station and Onshore Pipeline on OBE basis. During the year, the company commissioned Gas Gathering Station-I as part of Rudra Sagar Modernization project of ONGC under Assam Asset. They received the project for onshore gas processing faclities for Deen Dayal Field Development Project on OBE basis. The company's Metallurgy Division completed the Engineering work for Rectiformer Replacement for Reduction Lines 1&2 of Aluminium Bahrain (ALBA). In August 2010, the Government of India divested 10% of the paid up capital in the company. Thus, the shareholding of Government of India in the company reduced to 80.401% from 90.401%. Over the years, the company has developed a strong track record of working on landmark projects with various Indian and global energy majors. They have provided a range of engineering consultancy and project implementation services on more than 49 refinery projects, including eight greenfield refinery projects, seven petrochemical complexes, 35 oil and gas processing projects, 205 offshore platforms projects, 37 pipeline projects, 11 ports and storage and terminals projects, eight fertilizer projects and 26 mining and metallurgy projects. In the infrastructure space, the company has provided a range of engineering consultancy services for more than 26 projects, including for airports, highways, flyovers, bridges, water and sewer management, as well as energy-efficient intelligent buildings. They have also completed 16 turnkey projects, including refinery and petrochemicals projects and offshore platforms.