Engineers India hits over 1-year high on order win

Engineers India

03/03/2021 04:17

** Engineering and construction co  ENGI.NS  rises as much
as 7.1% to 93.30 rupees, highest since Feb. 7, 2020
    ** Co, predominantly involved in hydrocarbons and
petrochemicals projects, said on Tuesday it had won an order
worth about 6 bln rupees ($81.94 mln) from Indian Oil Corp
 IOC.NS   urn:newsml:reuters.com:*:nFWN2L00AG
    ** Order relates to IOC's Panipat refinery capacity
expansion
    ** About 7.7 mln shares change hands, compared with the
30-DMA of 5.4 mln shares
    ** Shares up 11.2% this year, as of last close, after
shedding 20.9% in 2020
($1 = 73.2280 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))