The company made this announcement after market hours on Friday, 6 July 2012.
Meanwhile, the BSE Sensex was down 84.05 points or 0.48% to 17,437.07.
On BSE, 13,000 shares were traded in the counter as against average daily volume of 18,497 shares in the past one quarter.
The stock hit a high of Rs 245 and a low of Rs 232.90 so far during the day. The stock had hit a 52-week high of Rs 294.80 on 25 July 2011. The stock had hit a 52-week low of Rs 195 on 19 December 2011.
The mid-cap stock had outperformed the market over the past one month till 6 July 2012, surging 7.46% compared with the Sensex’s 6.48% rise. The stock had, however, underperformed the market in past one quarter, falling 13.64% as against Sensex’s 0.2% rise.
The company has an equity capital of Rs 168.47 crore. Face value per share is Rs 5.
Engineers India (EIL) said BPCL’s integrated refinery expansion project in Kochi involves enhancing crude oil refining capacity of the refinery from the present level of 9.5 MMPTA to 15.5 MMPTA. EIL will be providing consultancy services for project management, process design/residual process design, detailed engineering, procurement, inspection & expediting, tendering, construction management & supervision including quality assurance, assistance in start-up, pre-commissioning, commissioning & guarantee test runs for units and facilities of the plant.
Engineers India’s (EIL) net profit rose 15% to Rs 190.34 crore on 29.5% growth in net sales to Rs 1225.31 crore in Q4 March 2012 over Q4 March 2011.
Engineers India (EIL) is a total solutions consultancy company and EPC (engineering, procurement, and construction) contractor in the fields of petroleum refining, petrochemicals, pipelines, oil & gas terminal & storages, mining & metallurgy and infrastructure projects. The company has diversified into newer areas such as nuclear, solar & thermal power, water & solid waste management, city gas distribution and fertilizers.
Source from: GEOJIT BNP Paribas