Engineers India approves strategic alliance for salt cavern projects

The Board of Directors of Engineers India Limited, in its meeting held on Friday, the 5th August, 2022 at the registered office of the Company at EI Bhawan, 1, Bhikaji Cama Place, New Delhi-110066 has, approved Strategic Alliance with M/s DEEP.KBB GmbH, Germany for salt cavern projects. The alliance shall jointly pursue Basic Design, Detail Engineering, Project Management and Construction Supervision Services for underground and above ground Salt Cavern Storage Facilities for Hydrocarbons and other products like Hydrogen & Carbon Dioxide for Indian and International clients, in line with Ell's vision "To be a Global Leader offering Total Energy Solutions for a Sustainable Future."

Shares of Engineers India Limited was last trading in BSE at Rs. 69.45 as compared to the previous close of Rs. 69.50. The total number of shares traded during the day was 100248 in over 1084 trades.

The stock hit an intraday high of Rs. 70.45 and intraday low of 68.25. The net turnover during the day was Rs. 6989110.00.

Source : Equity Bulls

Keywords

EngineersIndia INE510A01028 EIL StrategicAlliance SaltCavernProjects