EIL Expands Abu Dhabi Office to Tap Middle East Oil Boom and Diversifies into Hydrogen
Key Ideas
- EIL is increasing its presence in Abu Dhabi to capitalize on the booming oil and gas projects in the Middle East, leading to a significant rise in business inflow.
- The company is expanding its services beyond oil and gas by venturing into new sectors like hydrogen, carbon capture, biofuels, and offshore wind farms.
- With a strong order book of Rs 11,350 crore and international projects in countries like Mongolia, Nigeria, Algeria, and Kuwait, EIL is demonstrating its global expansion and capabilities.
- EIL is actively involved in green hydrogen projects, exploring production through electrolyzers and assessing the blending of hydrogen in natural gas pipelines.
State-owned Engineers India Ltd (EIL) is scaling up its Abu Dhabi office to meet the growing demand for engineering services in the Middle East, especially in the oil and gas sector. The company has witnessed a substantial increase in business inflow, reaching Rs 146 crore in FY 2023-24, with expectations of continued growth. EIL has diversified its portfolio by venturing into new areas such as hydrogen, carbon capture, biofuels, and offshore wind farms, in addition to its traditional focus on oil and gas infrastructure.
The company's international projects in countries like Mongolia and Nigeria, along with new contracts in Algeria and Kuwait, reflect its expanding global footprint. With a strong order book and a significant share of international business, EIL is on a growth trajectory. Notably, the company is actively pursuing green hydrogen projects, showcasing its commitment to renewable energy and sustainability.
EIL's success in securing contracts and advancing its project portfolio highlights its expertise and reliability in the engineering consultancy sector. By investing in new sectors and expanding its presence in key regions, EIL is positioning itself as a key player in the evolving energy landscape.