Engineers India Q3 profit drops to Rs.132.33 crore

NEW DELHI: Delhi-based engineering and related technical services provider Engineers India (EIL) has posted a a net profit of Rs. 1323.304 crore for the quarter ended December 31, 2012 as compared to Rs. 1512.601 crore for the quarter ended December 31, 2011.

The total income of the company has dropped from Rs. 8369.294 crore for the quarter ended December 31, 2011 to Rs. 6716.976 crore for the quarter ended December 31, 2012.

The total traded quantity was 8017 compared to 2 week average of 16032.

Engineers India (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India.

EIL has emerged as Asia's leading design, engineering and turnkey contracting company providing a complete range of project services needed to conceptualize, plan, design, engineer and construct projects to meet the specific requirements of its clients in petroleum refining, petrochemicals, pipelines, offshore oil & gas, onshore oil & gas, terminals & storages, mining & metallurgy and infrastructure.