[ad_1]
Engineers India mentioned that the corporate has signed a memorandum of settlement (MoA) with Numaligarh Refinery (NRL) for collectively growing expertise for ‘manufacturing of aqueous ammonia from ammonia wealthy bitter gases’ and show at NRL web site.
This MoA shall pave the best way for demonstration of applied sciences collectively developed by EIL and NRL. This endeavour will generate a win-win state of affairs for each EIL, with a wealthy expertise within the knowhow in growth, design & engineering, and NRL, having huge expertise within the operation of SRU in the direction of commercialisation of indigenous applied sciences.
Improvement of expertise for manufacturing of Ammonia from the bitter gases shall be addressing the problems associated to processing of ammonia in SRU moreover producing worth from the waste stream.
Vartika Shukla, CMD, EIL, mentioned: This collaborative association with NRL is one in every of main steps taken by the corporate for indigenous expertise growth and deployment resulting in Atmanirbharta within the vitality sector offering impetus to EIL’s diversified portfolio of supplying technological and proprietary engineered objects/ merchandise.
Engineers India (EIL) is an engineering consultancy and expertise licensing firm within the fields of hydrocarbons, petrochemicals, fertilizers, metallurgy, ports & terminals, and different sectors of business, having a DSIR-recognized R&D middle. As of 30 September 2022, the Authorities of India held a 51.32% stake within the firm.
The corporate reported a consolidated internet revenue of Rs 75.16 crore in Q2 FY23, steeply larger than Rs 17.04 crore posted in Q2 FY22. Internet gross sales jumped 20.7% yr on yr to Rs 793.06 crore in quarter ended 30 September 2022.
The scrip superior 1.74% to finish at Rs 78.90 on the BSE yesterday.
Powered by Capital Market – Dwell Information
(This story has not been edited by Enterprise Customary workers and is auto-generated from a syndicated feed.)
[ad_2]
Source link
