Engineers India rose 2.38 per cent to Rs 213.95 after securing a contract worth Rs 6.18 billion to provide project management consultancy (PMC) and engineering procurement and construction management (EPCM) services for a new fertilizer plant in Africa.

The contract, awarded by an African-based fertiliser firm, covers comprehensive consultancy and engineering services for establishing the new facility. The project is scheduled for execution over a 24-month period, the company stated in a regulatory filing.

While specific terms and conditions remain undisclosed due to confidentiality agreements, the contract’s estimated value stands at approximately Rs 6.18 billion. Engineers India confirmed that its promoter, promoter group or group companies have no interest in the awarding entity, and the transaction does not qualify as a related party deal.

The project reinforces Engineers India’s presence in the global market and highlights its expertise in delivering large-scale infrastructure projects across sectors including hydrocarbons, petrochemicals and fertilisers.

Engineers India is an engineering consultancy and technology licensing firm specialising in hydrocarbons, petrochemicals, fertilisers, metallurgy, ports and terminals, among other industries. It also operates a DSIR-recognised R&D centre.

For Q1 FY26, the company reported a 28.6 per cent decline in consolidated net profit, which fell to Rs 654 million, despite a 39.5 per cent rise in revenue from operations to Rs 8.70 billion compared to Q1 FY25.