Mega project implementation in the oil & gas sector has been EIL’s core business-Vartika Shukula
Innovation driving EIL’s Growth strategy
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New Delhi: Engineering India Limited a company of technocrat officers celebrated its 59th foundation day on 15 March 2023, On this occasion, CMD EIL Ms.Vartika Shukla called a press conference at New Delhi headquarters. it is the first time in EIL history that a lady technocrat officer is leading technocrat teams.
The performance of the pavilion of OIL in the recently held IEW23 event at G-20 in Bangalore was quite satisfactory, not only the visitors from India and abroad appreciated this pavilion, but almost all the officers of the Ministry of Petroleum also used to visit the pavilion of EIL. Found to be On the occasion of Foundation Day, the CMD of EIL while discussing the present and future said that today EIL is going to play an important role on the global label to implement the green energy towards which the whole world wants to go. The team is fully prepared for this, in this episode, EIL has recently entered into an agreement with the Guyana Power Gas, NGL Plant, and 300 MW CCGT Power Plant project in Guyana. The results of this contract will be very fruitful for EIL as well as for India.
She further added that Mega project implementation in the oil & gas sector has been EIL’s core business. Vizag Refinery Modernisation Project (VRMP) of HPCL, HPCL Rajasthan Refinery project (HRRL) having the highest petrochemical intensity of around 25%, Capacity expansion project of IOCL-Panipat, Cauvery Basin Refinery (CBR) project for CPCL with the combined capital outlay of around $20 billion are some of the recent testimonies of EIL’s mega project implementation in the domestic market. It is worth mentioning that one of the biggest petrochemical integration projects of HPCL Mittal Energy Limited (HMEL) with a capital cost of around $3 billion being implemented by EIL has been completed. In the petrochemical sector, EIL is also implementing the first of its kind Propane Dehydrogenation- Polypropylene (PDH-PP) unit in India for GAIL. These multibillion-dollar projects clearly demonstrate EIL’s strong domestic presence in the oil & gas sector.
EIL has significantly expanded its business in new geographies which include Dangote Oil Refinery Project (DORC) in Nigeria having a total capital outlay of almost $20 billion with highest single-train refining capacity in the world. The company is also providing Project Management Consultancy (PMC) services for 1.5 MMTPA Mongol Refinery project in Mongolia on Line of Credit (LoC) from the Govt of India. This project showcases EIL’s project implementation capabilities in adverse climate and challenging global business environments. Recently, EIL expanded its business in Guyana securing a 300 MW power plant project in this new territory. In the previous year we have strengthened our office in Abu Dhabi which has resulted in our engagement with Abu Dhabi National Oil Company (ADNOC) for the execution of several projects in the region.
EIL has also marked its footprint in the Biofuels projects implementation. It is providing its services in the implementation of one of the largest capacities Biorefinery projects in India for Assam Biorefinery Private Limited (ABRPL), a JV of NRL, Fortum, and Chempolis OY. The project is being implemented by EIL based on the technology supplied by Chempolis OY, Finland. This is one of the firsts that EIL has done so far in its more than five & half decades long journey of providing services and building the nation’s energy infrastructure. This project is anticipated to set the benchmark for India’s Biorefinery programs in the coming years. In addition, EIL is playing a crucial role in providing technological solutions for decarbonizing the aviation sector in collaboration with CSIR-IIP, and Dehradun. One of the Bio-ATF plant is already being implemented by EIL for one of its clients.
EIL has strategized its growth plan with five-pronged strategy of Strategic collaboration, Diversification in new areas, Innovation & Technology, Expanding Geographies and Operational Excellence. In all these areas EIL has made significant progress in the previous year and is accelerating its efforts to increase the revenue by securing more business in the sunshine areas beyond its robust oil & gas portfolio both in India and overseas. Aligning with this strategy, the organization’s new vision statement “To be a Global Leader Offering Total Energy Solutions for a Sustainable Future” clearly showcase the company’s commitment in this direction.