Engineers India

EIL Falls by 4.9% Intraday

EIL Falls by 4.9% Intraday

As per the revelations of a new report, State-owned Engineers India (EIL), on Monday, tended to touch a 3.5 years low of 171.40 falling by some 4.9% intraday.

It has been found that 4.52% to Rs 172 was lost by the stock on Bombay Stock Exchange.

It was following indications from the media reports that the firm could probably terminate big contracts. Yes! According to the report, pipeline contract worth Rs 300 crore that was awarded to Fernas Constructon for IOC's Paradip Refinery is being planned by the company to be terminated.