Shares of Engineers India Limited (EIL) rose 2.22% to ₹174.84 following the announcement of a significant project management consultancy (PMC) contract awarded by Hindustan Petroleum Corporation Limited (HPCL). The project, valued at ₹222 crore, involves PMC services for HPCL’s Lube Modernization and Bottoms Upgradation (LMBU) project at its Mumbai refinery.
Project Details:
- Project Name: Lube Modernization and Bottoms Upgradation (LMBU)
- Awarding Entity: Hindustan Petroleum Corporation Limited (HPCL)
- Contract Value: ₹222 crore
- Duration: 36 months
- Scope: Providing PMC services to enhance HPCL’s refining efficiency and production capacity, with a focus on upgrading lube production infrastructure and optimizing crude processing.
The project is expected to strengthen EIL’s strategic position in the oil and gas sector while contributing to HPCL’s goal of producing cleaner and higher-quality lubricants, aligned with India’s sustainability initiatives.
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
