Engineers India a bright spark

Engineers India is a bright spark today morning; the stock, which had closed yesterday at Rs.64, opened slightly higher at Rs.64.20 and went up to an intraday high at Rs.66.95. Its 20% UC for the day is at Rs.76.80.

The company, along with Numaligarh Refinery Limited (NRL) has signed a Memorandum of Understanding (MoU) for development and commercialization of technologies.

The MoU was signed on March 31st, 2022. Under the MoU, EIL and NRL will jointly develop and license indigenous technologies. NRL is an operating petroleum refining & marketing company with an extensive product range covering most of the refinery streams.

EIL is a premier engineering consultancy and technology licensing company in the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals and other sectors of industry, having a DSIR recognized R&D Centre.