Shares of Engineers India were trading higher by 6% to Rs 223, extending its 7% gain in past one week on the BSE, after the company bagged orders worth Rs 150 crore from clients in Middle East.
The company’s Abu Dhabi office has bagged orders worth Rs 150 crore in this fiscal so far from clients in the Middle East, Engineers India said in a BSE filing.
These orders are from the oil and gas companies as well as EPC (engineering, procurement and construction) contractors for providing engineering services, it added.
The stock opened at Rs 211 and hit a high of Rs 226 on the BSE. The trading volumes on the counter jumped by more than three-fold with a combined 2.06 million shares changed hands on the BSE and NSE till 1504 hours.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.