Engineers India Ltd secures order from group company of Adani Enterprises Ltd

Engineers India Limited (EIL) has secured an assignment for providing Owner's Engineer Services for 30,000 MTPA Polysilicon and 500 MTPA Monosilane Project from M/s Mundra Solar Technology Limited (a group company of M/s Adani Enterprises Ltd.), in one of the niche sectors of Polysilicon production, which is the primary component for manufacturing Photovoltaic panels. Conventionally, India has been dependent on import of Polysilicon and this would be a step towards realizing the vision of Atmanirbhar Bharat. This would also contribute towards nation's target of Net Zero by 2070.

Shares of Engineers India Limited was last trading in BSE at Rs. 80.65 as compared to the previous close of Rs. 81.40. The total number of shares traded during the day was 238471 in over 2421 trades.

The stock hit an intraday high of Rs. 82.40 and intraday low of 80.25. The net turnover during the day was Rs. 19364956.00.

Source : Equity Bulls

Keywords

EngineersIndia INE510A01028 OrderWin EngineerServices Polysilicon MonosilaneProject MundraSolarTechnology