Engineers India has bagged orders from HPCL for execution of the Vizag Refinery Modernisation Project (VRMP). EIL will execute the project contract under two separate contracts, PMC Services for major Process Units and packages under U&O and Execution of U&O and PRU Revamp on Open Book Estimate (OBE) Basis.
Tag: Engineers India
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Ready? Fire! Aim!
As project managers rush headlong into implementation without planning and carrying out pre-project activities, itĂÂŽs a case of putting the cart before the horse. No wonder catastrophic delays and bungled projects are the order of the day.
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EIL stake sale
An Empowered Group of Ministers (EoGM) approved the sale of a 10 per cent stake in Engineers India (EIL) through a follow-on public offer (FPO) by the government, which may fetch the exchequer Rs 500 crore. The government plans to disinvest 3.36 crore EIL shares, with up to 5 per cent of the offer reserved for employees. The government plans to raise Rs 40,000 crore by way of disinvestment in the current financial year.
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HPCL may choose Pachpadara site for refinery project
Media reports indicate that Hindustan Petroleum Corporation (HPCL) may prefer Pachpadara over Leelala for setting up the proposed refinery in a joint venture with Rajasthan government. It may be recalled that Engineers India (EIL) recommended HPCL to choose Pachpadara for the project. Also, the state Task Force approved the setting up of the refinery at Pachpadara over Leelala. The nine milli
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EIL aims to achieve higher turnover in 2013-14
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.
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Govt may offload stake in IOC next fiscal year
Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14. Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate
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Govt may offload stake in IOC next fiscal year
Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14. Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate
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EIL to upgrade Oil India’s pipeline
Oil India awarded the Engineering, Procurement and Construction Management (EPCM) contract to Engineers India (EIL) for upgrading pump stations or terminal of the Naharkatiya-Barauni crude oil pipeline. Oil India decided to upgrade the pumping stations or terminals to reduce operation and maintenance cost and increase the throughput of the system for acc