My Best Pick 2019

Ajay Jaiswal

Stewart & Mackertich's head of research sees Engineers India benefitting from the revival of the hydrocarbon sector

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Published 2 years ago on May 02, 2019 6 minutes Read
Sandipan Chatterjee

Very few public sector undertakings (PSUs) have a record as phenomenal as Engineers India (EIL), which has played a significant role in the growth story of hydrocarbon, petrochemical and metallurgy sectors in the country. In the petrochemical segment, EIL has been involved in the setting up of a large number of mega petrochemical complexes in the country. The company has its footprints in 19 of the 22 operating refineries in India with a combined refining capacity of more than 150 million metric tonne per annum (MMTPA). It has also been involved in the establishment of seven of the eight mega petrochemical complexes in the country. In hydrocarbon consultancy, EIL’s endeavors have resulted in India achieving more than 90% indigenisation in terms of technology and around 80% in supplies.