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Engineers India Ltd. Company History and Annual Growth Details

Our Company was originally incorporated in New Delhi on March 15, 1965 under the Companies Act
as a private limited company under the name Engineers India Private Limited pursuant to a formation
agreement dated November 20, 1964 and in accordance with a memorandum of agreement dated June
27, 1964, both between the Government of India and BIC. Thereafter, the memorandum of agreement,
the formation agreement and a subsequent technical services agreement entered into by our Company
and Bechtel Overseas Corporation BOC were terminated by mutual consent in accordance with an
agreement between the Government of India, BIC and BOC in May 1967. In accordance with the terms
of this agreement our Company also entered into separate agreements for mutual release in June 1967
with BOC and BIC whereby the parties mutually agreed to forever discharge and release the other party
and its officers, employees from all liabilities, obligations and duties under the terminated agreements.

Further, pursuant to a special resolution passed by the shareholders of our Company at an EGM held on
October 30, 1996 our Company was converted to a public limited company.

Major Events

Calendar Year Events
1965 Incorporated pursuant to a formation agreement dated November 20, 1964 and in accordance with a
memorandum of agreement dated June 27, 1964 both between the Government of India and BIC.

1967 Termination of the agreements with BIC and acquisition of the equity shares of our Company held
by BIC by the Government of India.

Commenced work in the refineries segment.

1969 Commenced work in the petrochemicals segment.

1973 Commenced work in the metallurgy segment and international operations.

1975 Entered into offshore oil production.

1977 Commenced work in the pipelines segment.

1978 Commenced work in the oil and gas processing segment.

1984 Commenced providing project management services.

1989 Our Company set up its own research and development centre at Gurgaon.

1994 Our Subsidiary, Certification Engineers International Limited was set up.

1996 The Government of India disinvested about 6% of its holding in our Company through a private
placement to certain banks, mutual funds etc.

1997 Listing on the BSE and NSE.

Mini Ratna status accorded to our Company.

1998 Commenced execution of lump sum turn key projects.

2000 Listing on the Delhi Stock Exchange.

2001 Commenced work in the infrastructure sector.

2002 Our Company was awarded the 'MOU Award' by the Government of India Ministry of Heavy
Industries and Enterprises, Department of Public Enterprises (Merit Certificate in the Achievement
of MOU Targets for the Year 1999-2000)

2003 Our Company was awarded the 'MOU Award' by the Government of India Ministry of Heavy
Industries and Enterprises, Department of Public Enterprises (Merit Certificate in the Achievement
of MOU Targets for the Year 2001 - 2002)

2004 Commenced providing engineering engineering procurement construction management services in
relation to sub-surface crude storages.

2006 Delisting of our equity shares from the Delhi Stock Exchange.

2007 Contracts on open book estimate and lump sum turnkey basis.

2008 Strike by Engineers India Officers Association and others. Our Company filed a civil suit in 2008
in relation to this strike. For details see the section 'Outstanding Litigation and Material
Developments - Outstanding Litigation/ Proceedings Involving our Company - Cases filed by our
Company - Civil Suits no. 3' on page 191.

Our Company was awarded a Certificate of Merit as 'Indias Most Admired Construction
Company' at the 6th
Construction World - Annual Awards, 2008

- The President of India has a holding of 90.39 per cent of the total
capital of the company.


- Mr. Keshav Saran has been appointed as the new Chairman and Managing
Director of the State-owned Engineers India Ltd.

- The Company will set up separate strategic business units with the
aim of diversifying into areas with high business potential.


-Engineers India Ltd has informed BSE that Shri M K Dalal has taken over the full charge of Chairman & Managing Director of the company wef September 26, 2002.

-The Government had invited Expression of Interest for bidding its 51% stake in
Engineers India Ltd.


-Engineers India Ltd informed BSE that Shri S Ramana Murthy, company secretary of the company has retired and Shri Sumanta Nayak, earlier Deputy Company Secretary has been
designated as the Company Secretary.

-Mr Pranob Mukherji has been appointed as the Director (project) of EIL.

-EIL posted 52% increase in its turnover compared to last years Rs.537crs.

-EIL has earned a services contract Front End Engineering Design(FEED) from an
arm of Abu Dhabi National Oil Company, Abu Dhabi Takreer.

-Bags a turnkey order worth more than Rs 286 crore from top exploration firm Oil and Natural Gas Corporation


-Consultancy firm Engineers India Ltd (EIL) said it has bagged Rs 1,600 crore contract for advising Hindustan Petroleum Corp Ltd on implementation of clean fuel project at its Visakhapatnam refinery

-Engineers India Ltd, as part of a diversification strategy, will partner Bharti Enterprises and Changi Airport of Singapore in bidding for development of Delhi and Mumbai airports


-EIL gets contract from Nalco

-EIL in negotiation to buy Lurgi unit

-EIL, Petronet to jointly bids for gas ventures

-EIL ranked at 142 in the list of ET 500 companies (published in February 2006) up from 311 an year ago based on an average of eight separate factors
-CDC National Award for Excellence in Consultancy Services 2005 for execution of Capacity Expansion-cum-Modernization Project Phase-I of KRL.
-NRDC award for innovation and commercialization of CFC Technology of EIL-R&D and IOC-R&D
-Merit Certificate for Excellence in the achievement of MoU Target for the year 2003-2004 by Hon'ble Vice President of India


-Engineers India Ltd has appointed Shri. Avinash Chandra as non-official part-time Director on the Board of the Company vide its letter dated June 19, 2007, issued by the Ministry of Petroleum & Natural Gas.

-EIL received a shield and a certificate from Abu Dhabi Company for Onshore Oil Operations (ADCO) on for successfully completing 5 Million man-hours without Loss Time incident at their Tank Farm Upgrade Facilities Project, Jebel Dhanna
-Hindalco awarded a Certificate of Recognition to EIL for achieving a landmark of 1.16 million accident-free man-hours at Muri Alumina Brownfield Expansion Project

-Amity Award for Best Engineering Consultancy Services.
-PetroFed award for Best Women Executive of the Year to Ms Vartika, AGM


-PRSI Award-2009 for Engineers India


-EIL signs MoU with Ministry of Petroleum & Natural Gas

Oct 25, 10:28 am
Oct 25, 10:34 am
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