Engineers India Limited, engaged in providing design, engineering, construction, procurement and project management services for mainly petrochemical, oil and gas industries in India, is operated through two segments viz. Turnkey Projects and Consultancy & Engineering Projects. The company is offering different sorts of services regarding project management such as plans for project execution, cost forecast as well as controlling plans, progress tracking and reporting. The company integrates design, engineering, procurement, logistics, and construction efforts.
Currently, Engineers India Limited is developing an advanced technological setup for petroleum, oil, gas and aromatics industries. The procure services provided by the company refers to the purchase, expediting, inspection, transportation, etc. The company is involved in site construction management, warehouse management, assistance in pre-commissioning and commissioning, contracts administration etc. The company is providing safety audits for offshore and onshore gas and oil plants. Engineers India Limited was incorporated in 1965 having its head office at New Delhi, India.
About Company Information:
Two years after inception, the company was transformed into a solely government-owned company in 1967. The company started to intervene in the petrochemicals. A department on Ocean Engineering was formed in 1971. Company’s debut metallurgical project was commissioned in 1972. The company launched its procurement office in London in the year of 1973. The company achieved its first overseas assignment in 1974.
Developing a training division in 1976, the company achieved its first project on Gas & Oil processing in 1977. An efficient Research & Development centre was incorporated at Gurgaon in 1989. An Engineering Office was inaugurated at Qatar in 1992. Regional Offices of the company at Vadodara and Chennai were inaugurated in 1993. EIL Asia Pacific Sdn Bhd and Certification Engineers International Ltd—two solely owned subsidiary companies were launched by Engineers India Limited in 1993 and 1994 respectively. Disinvestment around 6% of the entire shareholding of the Indian Government in the firm took place in 1996.
The company was honoured by Mini Ratna Award from Indian Government in the year of 1997 two years before intervening into the Turnkey Contracts for the first time. The company achieved two giant-size orders of Rs.820 crores and Rs.400 crores from ONGC for MNW Platform project and N11/N12 Well Platforms Project respectively in 2001-02. BPCL’s 6 MMTPA Refinery Modernisation Project at Mumbai and IOCL’s AVU Revamp at Mathura Refinery were the two big projects that the company finished during 2003-04, a year before completing the expansion of UP Petrochemicals Complex of GAIL at Pata in November 2005.
The contract for Revival of MNW Platform on EPC basis was given to EIL by ONGC in December 2005, just a year before EIL commissioned ONGC’s D-1 Well Cum Water Injection Project in February 2006. In 2006-07, IOCL’s Motor Spirit Quality Up-gradation Project at Gujarat Refinery, Vadodara and Panipat Refinery Capacity Expansion Project were completed by the company along with finishing the 10.5 MMTPA CDU/VDU Project at Vadinar Refinery of Essar Oil. GAIL’s Petrochemicals Complex at Pata was developed with the launching of an HDPE unit in September 2007, which after three months became capable for commercial production in December 2007. JSW Alumina Limited’s 1.4 million metric ton per annum Alumina Refinery Project was successfully bagged by EIL. Three Offshore Control Centres of ONGC at Mumbai were successfully commissioned by the company during 2008-09.
A joint venture firm of EIL with Jabal Dhahran Company Limited and IOT Infrastructure & Energy Services Limited was established in 2011; namely, Jabal EILIOT Company Limited was incorporated in 2011 at Kingdom of Saudi Arabia. During the year 2012-13, Engineers India entered into a production sharing contract with the Government of India for exploration blocks. For reviving the Ramagundam Fertilizer Project a joint venture took place between EIL, FCIL and NFL resulting as the incorporation of Ramagundam Fertilizers and Chemicals Ltd in 2015. Offer for Sale was completed by Government of India for divesting its 10% stake in Engineering India Limited in 2016.
How Engineers India Ltd is categorized as Service Sector and Project Consultancy/Turnkey Industry:
The service sector includes companies that produce intangible goods. To be more specific, it comprises various service industries including information services; warehousing and transportation services; securities and other investment services; waste management; professional services; health care and social assistance; and arts, entertainment, and recreation. The service sector covers a wide variety of tangible and intangible services from office sanitation to rock concerts to a medical operation. In general, countries with economies centred around the service sector are considered to be more advanced than industrial or agricultural economies.
Engineers India Ltd is categorized as Service Sector and Project Consultancy/Turnkey Industry. While carrying out an international business, one of the special modes is a turnkey project. It is simply a contract under which a firm agrees to provide its service to research, design, and equip a manufacturing/business/ service facility and then sell the project to the purchaser when it is ready for operation. Companies providing Project Consultancy/ Turnkey services will sign a contract with any firm, and it is obligated to complete the whole project according to prespecified criteria and client requirements for a price which was fixed at the time the contract is signed.
Engineers India Ltd, Competitors and Sector Peers:
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