Engineers India Explained

Engineers India Limited
Traded As:
Foundation:1965
Key People:Vartika Shukla
Industry:Engineering consulting
EPC
Revenue: (2021)[1]
Operating Income: (2021)
Net Income: (2021)
Assets: (2021)[2]
Equity: (2021)
Num Employees:2,814 (March 2021)[3]
Owner:Government of India (51.32%)[4]

Engineers India Limited (EIL) is an Indian public sector industrial technology, engineering consultancy and technology licensing company.[4] [5] It was set up in 1965 with the mandate of providing indigenous technology solutions across hydrocarbon projects.[6] Over the years, it has also diversified into synergic sectors like non-ferrous metallurgy, infrastructure, water and wastewater management and fertilizers.

EIL is headquartered at Bhikaji Cama Place, New Delhi. EIL also has an R&D complex at Gurgaon, a branch office at Mumbai, regional offices at Kolkata, Chennai, Vadodara, inspection offices at all major equipment manufacturing locations in India and overseas offices in London (England), Milan (Italy), Shanghai (China), Abu Dhabi (UAE).[7]

EIL has a wholly-owned subsidiary Certification Engineers International Limited (CEIL). It has set up a joint venture company namely Ramagundam Fertilizers and Chemicals Limited (RFCL) for enhancing the presence in fertilizers sector.

As of March 2021, EIL has more than 2400 engineers & professionals in its employee base of over 2800 employees.

Navratna status was accorded by Government of India in 2014.[8]

History

EIL was incorporated on March 15, 1965, as a private limited company under the name Engineers India Private Limited pursuant to a memorandum of agreement dated June 27, 1964 between the Government of India and Bechtel International Corporation. In May 1967, EIL became a wholly-owned Government of India (GoI) enterprise.[9]

The following table illustrates the major events in the history of the company.

Businesses

The major business areas wherein EIL provides its engineering consultancy services are:

EIL has also ventured into various unconventional energy resource projects like solar, 2G ethanol, bio-fuel etc.[10]

Services

EIL provides a wide range of engineering consultancy and EPC services to its clients:

Track record

EIL has executed over 7000 assignments including 500 major projects valued over US$200 Billion. EIL's project portfolio consists of:[7]

Research and development

EIL is a technology driven organization which invests in Research and Technology in the Hydrocarbons and Renewable Energy Sectors.[12]

The company's research and development center in Gurugram is undertaking technology development both in-house and in collaboration with other organizations like IOCL-R&D, BPCL-R&D, IIP, CHT, HPCL, CPCL, NRL etc.[12]

EIL has developed more than 35 process technologies and the technology portfolio consists of various technologies for petroleum refining, gasification, fracking, oil and gas processing and aromatics. The Company holds 35 live patents and has 32 pending patent applications relating to various process technologies.[12]

Notes and References

  1. https://www.bseindia.com/stock-share-price/engineers-india-ltd/enginersin/532178/financials-results/ "Financial Results 31.03.2021 Data from BSE Site"
  2. https://engineersindia.com/wp-content/uploads/2021/06/AFR-20-21.pdf "Balance Sheet 31.03.2021"
  3. https://engineersindia.com/wp-content/uploads/2021/06/FY2020-21-EIL-Annual-Presentation.pdf
  4. News: Engineers India inks MoA with NRL for collaborative technology development . 9 February 2023 . Business Standard India . 2 January 2023.
  5. Web site: Engineers India Limited June 24, 2014 Press Release: Enhanced autonomy for EIL with navratna status. 24 June 2014 .
  6. News: Engineers India wins $139 mn Nigerian contract. The Economic Times. 2021-12-02.
  7. Web site: Profile Engineers India Ltd. 2021-11-30. en-US.
  8. Web site: PTI. 2014-06-24. Engineers India gets Navratna status. 2021-12-03. mint. en.
  9. Web site: Engineers India History Engineers India Information. 2021-12-08. The Economic Times.
  10. Web site: Service. Tribune News. HPCL to set up Rs 600-crore bio-ethanol unit in Bathinda. 2021-12-09. Tribuneindia News Service. en.
  11. Web site: Services Engineers India Ltd. 2021-12-09. en-US.
  12. Web site: Technologies Engineers India Ltd. 2021-12-07. en-US.