Danfes Corporate Beareau

Engineering Projects (India) Limited has been a pioneer in the field of turnkey project management and project exports. EPI has expertise in the areas like civil and structural work, material handling systems, metallurgical sector, process plants, environment & pollution control, oil & petrochemicals, defence-related projects, transmission lines/substations, etc.  The services rendered by the company include the specialised activities such as feasibility studies, detailed project reports, design & engineering, supply of plant & equipment, quality assurance, civil & structural works, erection, trial-runs & commissioning and overall project management.  Its paid-up share capital is Rs. 35.42 crore.

The company has made tremendous strides and achieved growth in major parameters of its operations like order booking and turnover during the last five years. The order booking of the company has grown from Rs. 260.66 crore in the year 1999-2000 to Rs.1151.45 crore in the year 2003-04, showing an average annual growth of more than 85%. During the same period, the turnover of the company has grown from Rs.139.39 crore to Rs.389.86 crore, showing an average annual growth of nearly 45%. The productivity per employee of the company has also grown from Rs.22.33 lakhs to Rs.83.14 lakhs, showing almost four-fold growth during the period. The company expects to continue this performance in the current financial year 2004-05.  It expects to achieve a turnover of more than Rs.550 crore by financial year-end. EPI has been earning net profit for the last four consecutive years and operational profit for 15 years before that.  The net profit during the last year 2003-04 was Rs.29.66 crore. It has paid dividend of Rs.3.53 crore to the Government for the year 2003-04. The last dividend paid by EPI was Rs.1.82 lakhs in 1977-78.

After financial restructuring, the company has taken steps for business development in overseas market. It has met with initial success by way of securing $3.903 million worth project for construction of a sports stadium in Georgetown in Guyana.