Shares of Engineers India escalated nearly 4% to Rs 205 on the Bombay Stock Exchange (BSE) after the company announced that its Abu Dhabi office has received orders worth Rs 150 crores from clients in Middle East, till date in the current fiscal
Engineers India has tanked nearly 11% to Rs 242 on NSE after reporting a sharp 47% year-on-year (yoy) drop in net profit at Rs 58.78 crore for the second quarter ended September 2014 (Q2), due to lower operational income.
Engineers India Ltd (EIL) has won its largest ever overseas consultancy contract for a 20 million tonne oil refinery in Nigeria as it looks at markets abroad to more than double its revenue to $ 1 billion in the next 3-4 years.
The Rs 500-crore follow-on public offer of state-run Engineers India would remain open till February 12, due to the nationwide two-day bank employee strike. The issue, which has been fully subscribed, was supposed to close on Monday.