Engineers India Limited Secures Rs. 106 Crore Consultancy Contract from IOCL for Paradip Petrochemical Complex
February 13, 2025 – Engineers India Limited (EIL) has been awarded a prestigious contract by Indian Oil Corporation Limited (IOCL) for providing consultancy services for the Paradip Petrochemical Complex (PDPC) project in Paradip, Odisha. This contract marks a significant milestone for EIL in the petrochemical consultancy sector.
Key Highlights of the Contract
Scope of Work:
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The contract involves Phase-I of Project Management/Managing Project Management Consultancy (MPMC) Services for the entire Paradip Petrochemical Complex.
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It also includes Project Management Consultancy (PMC-2) Services for specific units within the PDPC project, including:
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PP (Polypropylene) Unit
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IPA (Isopropyl Alcohol) Unit
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EDC/VCM (Ethylene Dichloride/Vinyl Chloride Monomer) Units
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Offsites and Utilities (O&U)
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Financial Significance:
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The total estimated contract value is approximately Rs. 106 Crores, adding substantial revenue to EIL’s portfolio.
Project Execution Timeline:
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The consultancy services are expected to be completed within 10 months.
Compliance and Transparency:
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This announcement is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Engineers India Limited has confirmed that the promoter/promoter group/group companies do not have any interest in IOCL, ensuring that this contract is not a related-party transaction and follows ethical business practices.
EIL’s Role in Strengthening India’s Petrochemical Industry
This project reinforces EIL’s expertise in project management and consultancy for large-scale petrochemical projects. By securing this contract, EIL further strengthens its position as a leading engineering consultancy firm in India’s energy and petrochemical sector.
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