By Raja Iyer
Engineers India (EIL) agreed to achieve a higher turnover and gross margin in 2013-14 and give emphasis on human resource and research and development initiatives in a Memorandum of Understanding (MoU) signed with the Government of India recently.
Among other things, the company also agreed to focus on integrating sustainability in corporate operations and undertaking socio-economic development activities as a responsible corporate citizen.
The MoU was signed by Vivek Rae, Secretary, Petroleum and Natural Gas Ministry, and AK Purwaha, C&MD, EIL. Ram Singh, Director (Finance), Sanjay Gupta, Director (Commercial), Veena Swarup, Director (HR) of EIL, Archana Mathur, Economic Advisor, MoP&NG and other senior officials of MoP&NG and EIL were present on the occasion.
The company is working on various projects in the segments of refinery, petrochemicals, pipelines, metallurgy etc. It is working on the wax project of Numaligarh Refinery at Assam. The state-run firm is in the process of procuring gas engine generator package for the refinery project.
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