EIL secures business worth Rs 1,438 cr
New Delhi: State-owned Engineers India Ltd (EIL) on Tuesday said it secured 89 percent more business at Rs 1,438 crore in 2012-13, over the previous financial year.
"Consultancy business segment has shown a substantial growth of over 106 percent from Rs 629 crore in 2011-12 to Rs 1,296 crore in 2012-13, which includes Rs 140 crore from the overseas market," the company said in a statement here.
The hydrocarbon sector continued to be the mainstay of EIL's business, contributing most to the new orders secured by the company. Overseas business inflow was primarily led by Middle-East with considerable contributions from Africa & Far-East Asia.
"EIL has secured a total business of Rs 1,438 crore in FY 2012-13 which is 89 percent more than that secured in FY 2011-12," the statement added.
EIL is a total solutions consultancy company and EPC contractor in petroleum refining, petrochemicals, pipelines, oil and gas terminals and storages, fertilisers, mining & metallurgy and infrastructure projects.
The company is also diversifying into water and waste management and has made inroads into nuclear, solar and thermal power sectors.