Engineers India gains on contract with Bangladesh Petroleum Corporation

The project management consultancy contract is valued at US$ 16.54 million

Engineers India gains on contract with Bangladesh Petroleum Corporation
SI Reporter Mumbai
Last Updated : Apr 26 2016 | 11:52 AM IST
Shares of Engineers India were up 1.3% at Rs 183 on the Bombay Stock Exchange after the company said it has entered into a contract with Bangladesh Petroleum Corporation (BPC).

The company in a release said that it will provide project management consultancy for installation of ERL Unit-2 in Chittagong, Bangladesh for US$ 16.54 million.

BPC will implement the ERL Unit-2 project at a cost of US $1.7 billion over the next three years.

Also Read

The project will be the largest ever single consultancy assignment for EIL in Bangladesh, the release added.

The stock opened at Rs 184 and touched a low of Rs 182. At 11:45am, over 395,000 shares were traded on both the stock exchanges.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 26 2016 | 11:50 AM IST

Next Story