Engineers India Limited, the state-run engineering and design company specializing in petroleum refineries, petrochemicals, and oil and gas processing, has secured its largest-ever overseas contract, signaling a robust growth trajectory backed by record order inflows and expanding international presence.

Record-Breaking Nigeria Contract

The company has won a landmark contract worth $360 million from Nigeria's Dangote Group for the expansion of a mega refinery project. This represents a significant milestone in Engineers India's global expansion strategy.

Vartika Shukla, Chairman and Managing Director, revealed that the company is simultaneously executing additional projects at the same location valued at $70 million, involving four trains of one of the highest-capacity urea units. These repeat orders demonstrate strong client confidence in the company's technical capabilities.

Order Book Reaches All-Time High

Engineers India's strategic focus on international markets has yielded impressive results, with the total order book climbing to a record ₹15,800 crore. The order book composition reflects the company's successful international expansion.

This represents a significant shift from previous years, with international business emerging as the primary growth driver. The substantial increase from ₹13,130 crore at the end of Q2FY26 demonstrates the company's accelerating order acquisition momentum.

Growth Outlook and Financial Performance

Management remains confident about the company's growth trajectory, expecting to meet or marginally exceed the earlier guidance of 25% year-on-year revenue growth. While the Nigeria order's impact on current year revenue will be modest due to the extended execution cycle, stronger contributions are anticipated from the next financial year onwards.

The company's margin profile continues to strengthen, supported by an improved project mix and higher-value consultancy work. The consultancy segment maintains robust profitability of 25-28%, while overseas projects, particularly high-complexity ones, are expected to be margin-accretive.

Market Position

Engineers India's current market capitalization stands at ₹3,779 crore. The stock was trading at ₹179.25 on the NSE and has remained relatively stable over the past year, despite the significant business developments and order book expansion.

The company's transformation into a globally competitive engineering services provider, with nearly two-thirds of new orders originating from international markets, positions it well for sustained growth in the medium term.

Engineers India Limited has announced a significant change in its senior management structure with the retirement of a key executive director. The announcement was made on December 31, 2025, in compliance with regulatory disclosure requirements.

Management Transition Details

The company has disclosed the retirement of Shri Mainak Nandi from his position as Executive Director (Engineering), effective January 1, 2026. The transition follows his attainment of superannuation age on December 31, 2025.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges and stakeholders about material events and changes in senior management positions.

The announcement was signed by S.K. Padhi, Company Secretary and Compliance Officer, ensuring proper adherence to corporate governance norms and transparency requirements.

Company Communication

Engineers India Limited communicated this management change through an official notice dated December 31, 2025, providing stakeholders with advance notice of the transition. The company emphasized that the information is provided for stakeholder awareness and record-keeping purposes, maintaining transparency in its corporate communications.