EIL inks MoU with Numaligarh Refinery Ltd for development of joint technologies

Engineers India Limited (EIL) and Numaligarh Refinery Limited (NRL) have signed a Memorandum of Understanding (MoU) for development and commercialization of technologies. The MoU was signed on March 31st, 2022.

Under the MoU, EIL and NRL will jointly develop and license indigenous technologies.

NRL is an operating petroleum refining & marketing company with an extensive product range covering most of the refinery streams. Whereas, EIL is a premier engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals and other sectors of industry, having a DSIR recognized R&D Centre.

This MoU will mark a significant step in the direction of the "Atmanirbhar Bharat".

Shares of Engineers India Limited was last trading in BSE at Rs. 64.00 as compared to the previous close of Rs. 65.75. The total number of shares traded during the day was 230750 in over 2033 trades.

The stock hit an intraday high of Rs. 66.00 and intraday low of 63.65. The net turnover during the day was Rs. 14932887.00.

Source : Equity Bulls

Keywords

EngineersIndia INE510A01028 EIL MoU NumaligarhRefinery TechnologyDevelopment