Engineers India Limited (EIL) has taken a significant step to support its joint venture, Ramagundam Fertilizers & Chemicals Limited (RFCL), by approving an undertaking for a bank guarantee. This decision, made by EIL's Board of Directors on August 26, 2025, underscores the company's commitment to its strategic partnerships in the fertilizer industry.

Key Points of the Undertaking

• Bank Guarantee Details: RFCL has established a Rs. 175.00 crore Bank Guarantee with IndusInd Bank for a Debt Service Reserve Account (DSRA) facility, as required by project lenders.
• EIL's Commitment: The undertaking commits EIL to maintain its 26% shareholding in RFCL until March 31, 2026, when the facility expires.
• Shareholding Restrictions: EIL has agreed not to pledge its shares in RFCL without the bank's permission during this period.

About the Joint Venture

RFCL is a joint venture between Engineers India Limited, National Fertilizers Limited, and Fertilizer Corporation of India Limited. The company operates a urea and ammonia production plant that commenced commercial operations in March 2021.

Implications for EIL

This undertaking demonstrates EIL's continued support for its joint venture and its confidence in RFCL's operations. By maintaining its shareholding and providing this undertaking, EIL is helping to secure the financial stability of RFCL, which could potentially lead to long-term benefits for all stakeholders involved.

Additional Corporate Updates

In related news, EIL has also announced its upcoming 60th Annual General Meeting. The company published newspaper advertisements on August 26, 2025, to inform shareholders about this event, showcasing its commitment to transparent communication with investors.

The Board meeting that approved the undertaking for RFCL's bank guarantee was held on August 26, 2025, from 2:30 PM to 5:15 PM, as disclosed in the company's regulatory filing.

Engineers India Limited continues to play a crucial role in the engineering and fertilizer sectors, with this latest move reinforcing its position as a key player in strategic joint ventures within the industry.

Engineers India Limited (EIL), a prominent player in the engineering and consultancy sector, has unveiled an ambitious growth strategy aimed at significantly boosting its financial performance over the next five years.

Ambitious Revenue Goal

The Managing Director of Engineers India has announced a bold target for the company: achieving a turnover of ₹5,000 crore by 2028. This announcement signals a strong commitment to growth and expansion in the coming years.

Strategic Growth Initiative

The revenue milestone forms a crucial part of Engineers India's broader growth strategy. By setting such a substantial target, the company demonstrates its confidence in its capabilities and the potential for expansion in the engineering and consultancy market.

Implications for Stakeholders

This ambitious goal is likely to be of significant interest to investors, employees, and industry watchers alike. It suggests that Engineers India is positioning itself for substantial growth, which could potentially lead to:

• Increased market presence
• Expansion of service offerings
• Possible entry into new geographical markets
• Enhanced value creation for shareholders

Challenges and Opportunities

Achieving such a substantial increase in turnover will undoubtedly present both challenges and opportunities for Engineers India. The company may need to:

• Diversify its project portfolio
• Invest in cutting-edge technologies
• Strengthen its workforce
• Explore new business verticals

As Engineers India works towards this ambitious target, stakeholders will be keenly watching the company's strategic moves and financial performance in the coming years.

The announcement of this revenue target underscores Engineers India's commitment to growth and its confidence in the future prospects of the engineering and consultancy sector in India and beyond.