New Delhi: For Engineers India Limited (EIL), financial year 2024-25 has turned out to be the year of significant firsts. Addressing a post-earnings press conference on Thursday, Chairperson and Managing Director (CMD) Vartika Shukla said that the company has secured an all-time high order inflow of Rs 8,214 crore in FY25, a jump of 141 percent over FY24 when the order inflow stood at just Rs 3,406 crore. In the year 2024-25, “we secured an order inflow of Rs 8,214 crore, which is an all-time high in EIL’s journey so far, leading to a robust order book position standing around Rs 11,700 crore,” she said.
It is also for the first time that the composition of EIL’s order book (which has been traditionally dominated by oil and gas) has changed so much so that non-oil and gas segments comprise 45 percent of the book now, Shukla told reporters during the interaction. In addition, EIL is gearing to set up India’s first, 20-KLPD capacity bio-ATF (Aviation Turbine Fuel) plant in Mangalore for Mangalore Refinery and Petrochemicals Limited (MRPL) where used cooking oil will be employed as feedstock, the CMD said.
EIL, which provides engineering consultancy and engineering, procurement, and construction (EPC) services, had, until now, almost 90 percent of its business coming in from the oil and gas and petrochemical sectors. However, at the end of FY25, the share of non-oil and gas segments in EIL’s order book has increased to around 45 percent, with oil and gas comprising the remaining 55 percent, said the CMD. Non-oil and gas segment includes infrastructure, chemicals, fertilisers, power, mining and metallurgy.
EIL is also engaged in expanding its global footprint and has plans to open an office in Saudi Arabia this year in addition to expanding its office in Abu Dhabi. “The contribution of order inflow from international businesses grew significantly, reaching around Rs 1,077 crore, the highest in the last decade,” she said, adding that overseas orders make up for 12.15 percent of order inflow. “We have a target to take this to 20 percent,” she said without giving timelines.
“The successful commissioning and smooth operation of the Dangote Oil Refinery Project in Nigeria reflects the company’s pivotal role in execution of mega projects overseas, advancing the ‘Local to Global’ vision of the Honourable Prime Minister of India,” said the CMD. In addition, EIL has made strides in its engagements with BAPCO in Bahrain, KNPC in Kuwait, PDO in Oman, projects in LNG and petrochemical sector in Africa and power plant project in Guyana among others, she added.
In the previous fiscal, the company secured around 36 percent of its business through competitive bidding with the share of consultancy standing at around 56 percent of the order inflow in the fiscal, the CMD said. Going forward, while EIL will look to expand its global footprint in the hydrocarbon sectors, it will also look to grow its expertise in newer sectors like power, especially nuclear energy and renewable energy, critical minerals, defence and infrastructure domestically before taking up projects abroad, said Shukla.
Commenting on the company’s efforts towards indigenisation of technology, Shukla said that EIL has added 11 indigenous suppliers for items wherein no Indian supplier was enlisted before and enlisted three Indian subsidiaries of foreign suppliers to promote Make-in-India (MII) initiative. “Further, 46 MSME suppliers were also enlisted in the year 2024-25. Notably, the domestic supplies have significantly increased to 95 percent in the refinery sector and 82 percent in the petrochemical segment,” said the EIL CMD.
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