Engineers India Secures EPCM Contract for Numaligarh Refinery’s Polypropylene Unit

Engineers India Limited (EIL) has been awarded the Engineering, Procurement, and Construction Management (EPCM) services contract for the 360 KTPA Polypropylene Unit (PPU) Project at Numaligarh Refinery. The contract has been awarded by Numaligarh Refinery Limited (NRL) with a total estimated value of ₹252.95 crore, excluding GST.

Project Scope and Timeline

The contract involves EPCM services for the Polypropylene Unit, a significant component of the refinery’s expansion. The work is expected to be completed within 36 months. The agreement was formalised following clarifications on contractual terms, which were received on 17th March 2025.

Strategic Significance

This development aligns with NRL’s ongoing efforts to enhance its production capabilities and expand its petrochemical footprint. Polypropylene is a widely used polymer with applications spanning the packaging, automotive, and consumer goods industries, making this project a crucial part of NRL’s growth strategy.

Relationship Between EIL and NRL

EIL holds a minority stake in NRL, but the transaction does not fall under related-party transactions, as confirmed in the disclosure. This ensures transparency and compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Price Movement 

The share price of Engineers India is trading 1.56% higher at ₹161.45 as of 11:43 AM on March 18, 2025.

Conclusion

The awarding of this contract reinforces EIL’s position as a leading engineering consultancy and project management company in India’s hydrocarbon sector. As the project progresses, it is expected to contribute to the overall growth of the polymer industry while strengthening the capabilities of Numaligarh Refinery.

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