- Issue Open: Jul 27, 2010 - Jul 30, 2010
- Issue Size: 33,693,660 Equity Shares
- Face Value: Rs. 5 / Equity Share
- Issue Size: Rs. 909.73 - 977.12 Crore
- Issue Price: Rs. 270 - Rs. 290 Per Equity Share
- Minimum Quantity: 20 Shares (5800 Rs with 1 Lot)
- Maximum Quantity: 340 Shares (98600 Rs with 17 Lot)
- Listing At: BSE, NSE
Engineers India Limited (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India. In addition to Petroleum Refineries, with which EIL started initially, over the years it has diversified and excelled in various other fields. EIL today has emerged as Asia’s leading design, engineering and turnkey contracting company providing a complete range of project services needed to conceptualize, plan, design, engineer and construct projects to meet the specific requirements of its clients in the following fields:
- Petroleum Refining
- Offshore Oil & Gas
- Onshore Oil & Gas
- Terminals & Storages
- Mining & Metallurgy
EIL is capable to provide services from concept to commissioning in all the sectors listed above and its association with clients extend beyond the commissioning of their plants through monitoring the operation of each plant and accumulating feedback on its performance. EIL can provide its services in the following modes:
a) Project Implementation Services (EPCM) such as Conceptual Studies, Feasibility Studies, Detailed Project Reports, FEED Package, Basic Design Engineering Package (BDEP) Project Management, Planning & Scheduling, Cost Engineering, Process Design, Detailed Engineering, Procurement Services, Construction Management & Supervision, Commissioning and plant start‐up assistance etc.
b) Project Management Consultancy (PMC) Services
c) Specialist Services such as Heat & Mass Transfer Equipment Design, Engineering & Technology Development and Design, Environmental Engineering, Information Technology Services, Specialist Materials and Maintenance Services, Energy Conservation Services, Plant Operations & Safety including HAZOP Studies, Safety Integrity Levels (SIL) studies and Risk Analysis, Yield and Energy and Optimisation Studies.
d) Engineering, Procurement & Construction (EPC) / Lumpsum Turnkey (LSTK) Contracts
e) Open Book converted LSTK Projects
EIL has been involved in setting up of almost all the large projects that have come up in India in the Oil & Gas Sector in the last four decades and has also successfully executed several assignments in the middle‐east and south‐east Asia. EIL has to its credit more than 400 major projects successfully completed and operating smoothly at the rated capacity, creating an array of satisfied clients.
In the course of setting up various projects, EIL has worked with a large number of process licensors and engineering/construction/contracting companies worldwide and is well versed with the latest engineering codes and practices followed internationally.
EIL is a strong technology based and technology oriented company and has developed extensive data bank, computerized design tools, flexible yet integrated project control systems, besides having an extra edge in the following traits:
- Technical skills for process design, optimization and integration, HAZOP Analysis.
- Knowledge & appreciation of third party processes.
- Extensive experience in detailed engineering.
- Worldwide procurement capabilities (purchase, inspection, expediting, transportation).
- Expertise in Contract Management
- Expertise in Project Management Consultancy Services
- Expertise in construction management & commissioning assistance.
With a vision ‘To be a World Class Globally Competitive EPC and Total Solutions Consultancy Organization’, the Company is targeting higher business projections and closely looking at diversification avenues based on its strengths in design, engineering and project management capabilities.
New endeavours for diversification have identified that thrust needs to be given to overseas operations in EIL’s core areas including targeting medium to large size EPC projects. Entering into new sectors e.g. Nuclear and Water and closely following sunrise sectors like Solar Power, Coal to Liquid projects constitute the diversification initiative.
Joint Venture Companies have been floated for tapping business opportunities. In this regard, TEIL Projects Ltd (TEIL), the joint venture company with Tata Projects is exploring business opportunities in EPC sector. TechnimontEIL Emirates, a JV with M/s Technimont is also in place to explore international business opportunities in the hydrocarbon sector.
EIL is looking at getting into the solar power project consultancy business. EIL plans to provide end-to-end solutions for the development of solar power projects. Meanwhile, EIL is also planning to enter the gas-based power project consultancy business. Once EIL gets a foothold in gas-fired power consultancy business, it can also diversify into coal-based power consultancy.
The Company is also planning to tap the nuclear power consultancy business. We are trying to leverage our expertise to provide consultancy for balance of plant packages for nuclear power projects.
Earlier, EIL was in fertiliser project consultancy. It had provided consultancy services for various fertiliser plants, including National Fertilisers Ltd’s (NFL) Bhatinda and Panipat units. But subsequently, the Company had to quit this business in favour of other public sector consulting firms. Now that business environment has changed, EIL is planning to get back into the fertiliser consultancy business.
The company is also very bullish on the water management consultancy business. EIL is already working with Delhi Jal Board and looking to expand in this area. The Company is also planning to move into the infrastructure consultancy business. It has been assigned the task of conducting quality inspection for most flyovers coming up in Delhi.
Human resources along with technology are the two prime resources of consulting organisations like EIL. Over the years, EIL has earned the reputation of being a veritable treasure of technical knowledge, skills and professional competence. At present, EIL has a staff strength of more than 3300, of which about 2730 are engineers, technologists and specialists in various disciplines like chemical engineering, mechanical engineering, civil engineering, structural engineering, computer sciences, information technology, geo‐technical engineering, welding sciences, material technology, ocean engineering etc. With this manpower, EIL has about 4.5 million man‐hours available annually in its design offices along with about 6,000 man months of construction management services per annum and is in a position to handle a number of large projects at a given point of time.
Engineers India is an ISO 9001 accredited Company.
EIL has state-of-the-art computer and communications network for an enterprise wide connectivity. It takes care of voice, data and document communications requirements for operations within the country as well as abroad. Such enterprise connectivity provides a fabric for Electronic Data Interchange (EDI) facilitating the effective execution of company's projects. Effective internet and intranet communication infrastructure has been established among Head office, Regional/ Branch Offices & Overseas Offices.