EIL Eyes Non-Fossil Fuel Business, Overseas for New Phase of Growth

State-owned project consultancy company Engineers India Ltd (EIL) is eyeing renewable energy projects as well as overseas market as it pivots shift from the construction of fossil-fuel plants for its next phase of growth, its chairman and managing director Vartika Shukla said.

Starting in 1965 as an answer to cut reliance on foreign companies for doing engineering and other work for the massive projects that a newly independent nation undertook, EIL is building the country's first bio-refinery, which will use bamboo to produce ethanol, and moving into green hydrogen and sustainable aviation fuel.

The company is also looking at projects overseas particularly in the Middle East and Africa. "While oil will continue to exist for the next few decades, we are preparing for life after oil in a world looking at transition," she said.