Engineers India Shares Jump 6% to 52-Week High on ₹450

(EIL) shares surged nearly 6% to a 52-week high of ₹301.90 on September 22 after the company secured an order worth over $450 million for a 700,000 BPD greenfield refinery and petrochemical complex in Kenya. Under the contract, EIL will provide Project Management Consultancy (PMC) and Engineering, Procurement and Construction Management (EPCM) services. The project is expected to strengthen East Africa’s refining capacity, reduce import dependence and support regional energy security. Gulf Energy Infrastructure Opportunity EIL is also in focus amid reports of a proposed $5 billion US-backed fund to support energy infrastructure redevelopment in the Middle East. If implemented, the initiative could generate opportunities across EPC, pipelines, storage, offshore facilities and gas infrastructure. EIL has previously highlighted potential opportunities from pipeline and storage expansion projects in Saudi Arabia and the UAE. EIL Stock Performance Around 2:01 PM, EIL shares were trading 2.56% higher at ₹292.55. The stock has gained over 11% in the past week, around 19% in the past month and nearly 44% so far in 2026. The company had touched a 52-week low of ₹163.55 on January 27, 2026, while its market capitalisation stood at around ₹16,454 crore as of September 22, 2026. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,