Engineers India Limited Wins Rs. 106 Crore Consultancy Contract for IOCL’s Paradip Petrochemical Complex
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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