Engineers India rises more than 4% on order win

Engineers India

12/09/2022 07:15

** Shares of engineering and construction co Engineers India
Ltd  ENGI.NS  rise as much as 4.3% to 72.45 rupees, highest
since Sept. 7
    ** Co says it won an order worth 2.49 bln rupees ($31.26
million) from Oil and Natural Gas Corp Ltd  ONGC.NS 
 urn:newsml:reuters.com:*:nFWN30H06B
    ** Order is for a project of restoration of gas terminal,
Phase-I (Part-A) at Hazira plant
    ** Project is scheduled to be completed in about 33 months -
Engineers India 
    ** Almost 1.3 mln shares change hands by 0609 GMT, vs the
30-day avg of 1.2 mln shares
    ** Shares down 0.79% YTD, as of last close

($1 = 79.6630 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))