A Press Conference was hosted by CMD ,EIL Ms Vartika Shukla along with the company’s Functional Directors on the occasion 59th Foundation Day to appraise the media on EIL business outlook, renewed vision & new initiatives. EIL wants to be a global leader offering total solutions for a sustainable future and is looking to diversify into new areas such as nuclear energy to power the next phase of its growth.
Ms Shukla said that orders from overseas markets make up 15 percent of its order book currently and the PSU is looking to tap more overseas markets in the Middle East, like Bahrain, Kuwait, Oman and Algeria.
Over the years, EIL ( 1965) has expanded beyond its core competence in the oil and gas sector to petrochemicals, fertilizer, green hydrogen and biofuels.
With a healthy order book of about Rs 9,000 crore, the company has “strategised its growth plan with five-pronged strategy of strategic collaboration, diversification in new areas, innovation and technology, expanding geographies and operational excellence,” Shukla told reporters.
