OIL and EIL sign Memorandum of Agreement

Pursuant to the long-standing relationship, Oil India Limited (OIL) and Engineers India limited (EIL) inked a Memorandum of Agreement (MoA) on February 14, 2023. It is envisaged that through the MoA, Oil India will engage EIL to carry out niche technological studies and feasibility reports for the Upstream, Midstream and the Downstream value chain including HSE aspects pertaining to statutory and regulatory compliances.

The MoA was signed in presence of C&MD OIL, Dr. Ranjit Rath and C&MD EIL, Ms. Vartika Shukla by Director (Operations) OIL, Mr. Pankaj Kumar Goswami and Director (Commercial) EIL, Mr. Atul Gupta at OIL's Corporate Office in Noida in the company of other functional directors and senior officials of OIL & EIL.

Shares of Engineers India Limited was last trading in BSE at Rs. 76.25 as compared to the previous close of Rs. 76.35. The total number of shares traded during the day was 62880 in over 638 trades.

The stock hit an intraday high of Rs. 77.70 and intraday low of 76.10. The net turnover during the day was Rs. 4815240.00.

Shares of Oil India Limited was last trading in BSE at Rs. 260.50 as compared to the previous close of Rs. 247.60. The total number of shares traded during the day was 304134 in over 5720 trades.

The stock hit an intraday high of Rs. 262.60 and intraday low of 250.45. The net turnover during the day was Rs. 78568277.00.

Source : Equity Bulls

Keywords

EngineersIndia INE510A01028 ConsultingServices OilIndia INE274J01014 MoA