EIL Secures Over $350 Million Contract to Expand Dangote Refinery
Engineers India Limited (EIL) secured a contract exceeding $350 Million to expand the Dangote Refinery. The project will double capacity to 1.4 million barrels per day and increase polypropylene production. EIL will act as PMC and EPCM Consultant.
The contract value of over $350 Million is substantial for EIL and represents a major new order. The expansion of a flagship project like the Dangote Refinery, which has significant implications for regional energy markets, suggests a high impact on EIL's business and market position.
The announcement details a significant new contract win for EIL, indicating business growth and successful past project execution. The expansion project's scale and its positive implications for regional energy security contribute to the positive sentiment.
Engineers India Limited (EIL) has signed a contract worth over US $350 Million to serve as the Project Management Consultant (PMC) and EPCM Consultant for the expansion of the Dangote Refinery. This expansion will increase the refinery's capacity from 650,000 barrels per day to 1.4 million barrels per day (Train 2), producing Euro VI grade fuels.
The project also includes expanding Polypropylene production from 830 kTPA to 2.4 MMTPA and installing a 750 kTPA UOP's Oleflex Unit. EIL was previously the PMC and EPCM Consultant for the initial commissioning of the 650,000 barrels-per-day refinery in 2024.
This expansion is expected to position Dangote as the world's largest petroleum refinery, enhance fuel production within Africa, reduce import dependency, and bolster regional energy security. EIL's extensive experience in managing large-scale and complex projects will be leveraged for this endeavor.
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Engineers India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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