EIL Board approves strategic alliance for salt cavern projects 
Latest News

EIL Board approves strategic alliance for salt cavern projects

The Board of Directors of Engineers India Ltd 2022 have approved Strategic Alliance with DEEP.KBB GmbH, Germany for salt cavern projects

PSU Watch Bureau

New Delhi: The Board of Directors of Engineers India Limited (EIL) in its 365th Meeting held on August 5, 2022 have approved Strategic Alliance with DEEP.KBB GmbH, Germany for salt cavern projects.

According to the company, this alliance shall jointly pursue basic design, detail engineering, project management and construction supervision services for underground and above-ground salt cavern storage facilities for hydrocarbons and other products like hydrogen & carbon dioxide for Indian and International clients, in line with EIL's vision "To be a Global Leader offering Total Energy Solutions for a Sustainable Future."

Engineers India Limited (EIL) is a design and engineering company in the field of petroleum refineries, petrochemicals, oil and gas processing, offshore structures and platforms, fertilizers, metallurgy and power. EIL provides services such as design, engineering, procurement, construction management, commissioning assistance and project management

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

FM proposes incentives of Rs 100 crore for single bond issuance by municipal corporations

GAIL reports net profit of Rs 5,706 crore for nine months of FY'26

Leadership Transition at HSL: Cmde Girideep Singh, superannuates; Capt. Ganti Venkateswarlu assumes additional charge as C&MD

NALCO posts record Rs 1,601 crore net profit in Q3 FY26; nine-month profit touches all-time high of Rs 4,098 crore

If firm profits more from its scale, it has to bear more responsibility for environmental costs: SC