Shares of state-owned Engineers India Ltd (EIL)--a Navratna public sector undertaking--gained over 4 per cent on Friday after the company announced winning
an overseas contract. On the BSE, the PSU stock surged as much as 4.40 per cent, touching an intra-day high of Rs 218 apiece. According to EIL, it has been awarded a contract to provide Project Management Consultancy (PMC) services and Engineering Procurement and Construction Management (EPCM) services for setting up a new fertiliser plant in Africa. "EIL has been awarded Contract for providing Project Management Consultancy (PMC) Services & Engineering Procurement and Construction Management (EPCM) Services for a New Fertilizer Plant in Africa," the PSU firm said. The contract which is valued at around Rs 618 crore, has a tenure of 24 months, EIL said in a filing. The company, however, did not disclose further details about the project, citing confidentiality terms.
About EIL
EIL, headquartered in New Delhi, is a leading engineering consultancy and EPC company, offering services across hydrocarbons, infrastructure, fertilisers, and process industries.
EIL Stock vs BSE Sensex: Past performance
The Navratna PSU stock has surged 30.87 per cent over the past six months. On a year-to-date (YTD) basis, it has advanced 14.46 per cent so far.
However, over the one-year period, the stock slipped 5.47 per cent.
In the long-term horizon, the PSU stock has delivered over around 200 per cent return in five years.
Here is how the Navratna stock fared in the past years compared to the headline index--BSE Sensex:
| Duration | PSU stock returns (in %) | BSE Sensex returns (in %) |
| 6 Months | 30.87 | 10.87 |
| YTD | 14.46 | 4.26 |
| 1 Year | -5.47 | -1.26 |
| 5 Years | 203.02 | 109.63 |
