Engineers India Ltd. (EIL) anticipates a surge in order inflows from Gulf nations, particularly Saudi Arabia and the UAE, as these countries enhance their infrastructure projects to reduce reliance on the Strait of Hormuz. Atul Gupta, Chairman and Managing Director of EIL, noted during a press conference following the annual general meeting that the region had experienced a slowdown in order inflows due to ongoing restoration activities. However, he expressed confidence that construction efforts to develop infrastructure alternatives to the Strait of Hormuz would accelerate in the third and fourth quarters of this fiscal year.
EIL has already expressed interest in several upcoming projects, which are expected to include the construction of pipelines, terminals, ports, and strategic storage facilities. The company’s recent business achievements include securing approximately ₹7,978 crore worth of new contracts for the fiscal year 2025-26, boosting its order book to a record ₹15,109 crore as of March 31, 2026. By the first quarter of FY27, this figure climbed to ₹17,000 crore, with 57 percent of the orders originating domestically.
EIL is steadily advancing its projects and engagements across various international markets, including Mongolia, Guyana, the UAE, Bahrain, Algeria, and Kuwait, reinforcing its commitment to global expansion.
Why this story matters
- The shift in infrastructure development strategies in Gulf nations could impact global energy supply routes.
Key takeaway
- EIL’s growth reflects the increasing demand for infrastructure projects that support regional autonomy from the Strait of Hormuz.
Opposing viewpoint
- Some analysts caution that geopolitical risks in the region may still affect project timelines and outcomes.
