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Engineers India Secures ₹730 Crore Contracts in the Middle East

Manufacturing and Engineering

Business Honor
26 March, 2025

EIL wins major projects in the Middle East and continues strong financial growth.

On March 25, 2025, Engineers India Ltd (EIL) announced that it has secured two significant contracts worth ₹730 crore from clients in the Middle East. The first contract, valued at ₹650 crore, involves Project Management Consultancy (PMC) services over a period of five years. The second contract, worth ₹80 crore, is for engineering and project management services with a tenure of four years.

These new contracts add to EIL’s growing portfolio of high-profile projects, which also includes an Engineering, Procurement, and Construction Management (EPCM) contract valued at ₹252.95 crore with Numaligarh Refinery Ltd (NRL) in Assam. The NRL project, a 360-KTPA PPU project, is set to be completed within 36 months.

EIL’s recent success is reflected in its robust financial performance. For the quarter ending December 2024, the company’s net profit surged to ₹93.8 crore, up from ₹52.7 crore in the same quarter last year. EBITDA for the same period saw an impressive 95.8% increase, reaching ₹98 crore compared to ₹50 crore in the previous year.

These developments underscore Engineers India Ltd’s growing global presence in the fields of engineering, project management, and consultancy. As the company continues to secure high-value contracts internationally, its financial growth strengthens its position in both domestic and international markets.

Despite the positive outlook, EIL’s shares on the National Stock Exchange have seen a 2.68% dip, currently trading at ₹158.90. Over the last year, the stock has experienced a 22% decline, with a 1.73% dip in the last month. Despite the short-term fluctuations, the company’s strong project wins and financial growth point to a promising future.