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The value of the said contract is Rs 31.50 crore and the time period for the same is 10 months.
Engineers India (EIL) is an engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and other sectors of industry, having a DSIR-recognized R&D center. As of 30 September 2022, the Government of India held a 51.32% stake in the company.
The company reported a consolidated net profit of Rs 75.16 crore in Q2 FY23, steeply higher than Rs 17.04 crore posted in Q2 FY22. Net sales jumped 20.7% year on year to Rs 793.06 crore in quarter ended 30 September 2022.
The scrip rose 0.40% to currently trade at Rs 74.58 on the BSE.
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