Engineers India gains on winning orders worth Rs 150 crores
The company's Abu Dhabi office received orders worth Rs 150 crores from clients in Middle East,
SI Reporter Mumbai 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 year.
Engineers India, a design and engineering organization in South Asia, announced this post market hours on 10 June. In a filing to the BSE, the company said that these orders are from Oil and Gas companies along with EPC contractors for providing engineering services.
The stock opened at Rs 201 and touched a high of Rs. 208. At 12:15PM, a combined total of 586,988 shares changed hands on the counter of NSE and BSE.