Engineers India Ltd is on track to exceed its ₹8,000 crore order inflow target for the fiscal year, bolstered by a record order book, strong consultancy margins, and expanding ventures into nuclear and coal gasification sectors, amid steady overseas and domestic growth.
Engineers India Ltd said it remains on track to meet an order inflow target of about ₹8,000 crore for the fiscal year, helped by a stronger mix of domestic and overseas consultancy work and a healthy pipeline in hydrocarbons, nuclear power and coal gasification. During its earnings discussion, the company said current inflows stand at ₹2,750 crore, including roughly ₹1,100 crore from overseas, and added that it could even exceed its goal if talks now under way convert into awards.
The company’s confidence is supported by a record order book. PL Capital said Engineers India ended the last fiscal year with outstanding orders of about ₹15,100 crore, giving it multi-year revenue visibility, while ET EnergyWorld reported that FY25 order inflow reached ₹8,214 crore, the highest in the company’s history. Much of that work sits in consultancy, which also continues to account for the largest share of new business.
Margins in the consultancy arm have strengthened as well. In the latest quarter, the company said consultancy profit margins rose to 24% from 17% a year earlier, and finance director Sanjay Jindal said Engineers India expects that segment to hold near 24% to 25%. He also said the lower-margin turnkey, or lump-sum turnkey, business improved to 7.5%, with the company still targeting total turnover growth of at least 10% and consultancy revenue of more than ₹2,000 crore.
The group is also leaning harder into areas beyond traditional oil and gas. Management said nuclear work is gaining momentum after renewed government interest in the sector, with environmental studies under way for several private and public projects and discussions continuing with Nuclear Power Corporation of India Ltd for engineering consultancy assignments. The company is also bidding for coal gasification feasibility work after the government introduced revised support for the segment, including ₹34,000 crore in gap funding.
Middle East tensions have not led to project cancellations, though the company acknowledged that new mega projects are arriving more slowly. Even so, it said it secured more than ₹500 crore of business from the region in the latest quarter. Engineers India is also counting on a steady contribution from projects such as BPCL Andhra, IOCL Paradip Phase 2 and ONGC’s petrochemical study, while its RFCL investment continues to perform well and is expected to pay a dividend this financial year.
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