it has recorded substantial growth in business during FY23 by securing orders worth more than ₹4,500 crore, compared to orders of ₹1,700 crore in FY22.
Besides other areas, a significant jump is witnessed in the business secured from international assignments to around ₹600 crore from less than ₹50 crore in FY22, the company said in a statement. EIL is a PSU under the charge of the Ministry of Petroleum & Natural Gas (MoPNG).
While maintaining its leadership position in the hydrocarbon sector, EIL has also secured substantial business in the infrastructure sector and also marked the significant entry into new segments of green hydrogen, waste-to-fuel, niche chemicals, and Defence.
During the last financial year, EIL signed MoUs/ MoAs as well as strategic alliances for business growth with leading oil sector companies and technology providers. While EIL consolidated its presence in Nigeria and the Middle East, it secured projects in new geographies such as Guyana.
Besides other areas, a significant jump is witnessed in the business secured from international assignments to around ₹600 crore from less than ₹50 crore in FY22, the company said in a statement. EIL is a PSU under the charge of the Ministry of Petroleum & Natural Gas (MoPNG).
While maintaining its leadership position in the hydrocarbon sector, EIL has also secured substantial business in the infrastructure sector and also marked the significant entry into new segments of green hydrogen, waste-to-fuel, niche chemicals, and Defence.
During the last financial year, EIL signed MoUs/ MoAs as well as strategic alliances for business growth with leading oil sector companies and technology providers. While EIL consolidated its presence in Nigeria and the Middle East, it secured projects in new geographies such as Guyana.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.