State-run Engineers India (EIL) said it has recorded substantial growth in business during FY23 by securing orders worth more than Rs. 45 billion, compared to orders of Rs. 17 billion in FY22.
Besides other areas, a significant jump is witnessed in the business secured from international assignments to around Rs. 6 billion from less than Rs. 500 million in FY22, the company said in a statement. EIL is a PSU under the charge of the Ministry of Petroleum & Natural Gas (MoPNG).
While maintaining its leadership position in the hydrocarbon sector, EIL has also secured substantial business in the infrastructure sector and also marked significant entry into new segments of green hydrogen, waste-to-fuel, niche chemicals and Defence, it added.
During the last financial year, EIL signed MoUs/ MoAs as well as strategic alliances for business growth with leading oil sector companies and technology providers. While EIL consolidated its presence in Nigeria and Middle East, it secured projects in new geographies such as Guyana.