Engineers India organises annual press conference

New Delhi: Engineers India Limited (EIL) organised its Annual Press Conference on May 26 in New Delhi wherein EIL's Chairperson & Managing Director (C&MD) Vartika Shukla shared EIL's annual results for FY 2022-23 as well as business outlook and orders secured. Functional Directors and senior officials of the company were also present on the occasion.

Addressing the gathering, CMD said that during FY 2022-23, EIL had secured business worth around Rs 4700 crore as against the order value of around Rs 1650 crore in FY 2021-22. “The overall order book status of the company, however, as of March 31, 2023, stood at Rs 9,079 crore including go ahead of around Rs 1600 crore,” she added.

Emphasizing on EIL’s forte of mega project implementation in the oil & gas sector, Shukla stated that Vizag Refinery Modernisation Project (VRMP) of HPCL, HPCL Rajasthan Refinery project (HRRL), Capacity expansion project of IOCL-Panipat, Cauvery Basin Refinery (CBR) project for CPCL, with the combined capital outlay of around $20 billion are some of the recent testimonies of EIL’s project execution capabilities in the domestic market.

Speaking on EIL’s international operations, CMD stated that EIL has been transforming and expanding its business operations to emerge as a global industrial powerhouse through its robust engineering and technology portfolio. “EIL has already showcased its unparalleled track record of mega project implementation in new geographies. The commissioning of Dangote Oil Refinery Project (DORC) in Nigeria with highest single train refining capacity in the world exemplifies EIL’s contribution in fulfilling our Prime Minister’s vision of ‘Local to Global’,” she added. CMD further shared that EIL has received work order worth Rs 209 crore in this financial year only from the overseas that constitute more than 30 percent of its order value in FY 2023-24.

CMD also briefed the media on the projects undertaken in the area of energy transition, corporate social responsibility (CSR) initiatives etc.

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