Engineers India shares jump over 3% after securing Rs 618 crore fertilizer plant contract in Africa

Engineers India Limited (EIL) saw its shares climb more than 3% today after the company announced that it has been awarded a significant international contract for a fertilizer project in Africa.

According to the company’s exchange filing, EIL has secured the order for providing Project Management Consultancy (PMC) services and Engineering Procurement and Construction Management (EPCM) services for the setting up of a new fertilizer plant in Africa.

While the name of the awarding entity has not been disclosed due to confidentiality agreements, the company confirmed that the project will be executed over a period of 24 months. The approximate contract value is ₹618 crore, making it one of the notable international wins for the engineering consultancy firm.

EIL also clarified that there is no promoter or related party involvement in the project, and the contract has been awarded on an arm’s length basis.

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Aman Shukla is Senior Editor at BusinessUpturn.com, overseeing coverage across the Business, Finance, Corporate, and Stock Market segments. He specializes in communication and content writing, while managing editorial operations across these key sectors.

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