On June 7, Engineers India’s share price plunged 4% in early trade as the company took an order from NALCO and JSPL.

National Aluminium Company Limited (NALCO) nominated Engineers India (EIL) to deliver consultancy facilities for the updating of a Detailed Project Report (DPR) for Pottangi Bauxite mines for increasing raw-ore production.

The contract is worth Rs 5.05 crore and will be accomplished in 10 months.

Jindal Steel and Power Limited (JSPL) and Engineers India have employed a contract to supply basic and detailed engineering for the direct reduction of the iron plant covering connected facilities at Angul, Orissa. The agreement’s value is Rs 15.50 crore and will be finished in 20 months.

At 9:24 am, Engineers India was trading at Rs 113.65, up Rs 3.50, or 3.18% and moved a 52-week high of Rs 114.50.