Engineers India (EIL), an engineering and related technical services provider, witnessed a rise in share price on Tuesday after the company announced that Hindustan Petroleum Corporation (HPCL) has entrusted the project for execution of Vizag refinery modernization project (VRMP) to the company.

Engineers India shall execute this project contract under two separate contracts, namely PMC services for major process units and packages under U&O and execution of U&O and PRU revamp on open book estimate (OBE) basis.

The total awarded order value is more than Rs 25 billion with a total project schedule of 43 months for mechanical completion.

Shares of Engineers India are trading at Rs 158, up Rs 5.35, or 3.50% at the Bombay Stock Exchange (BSE) on Tuesday at 9:34 a.m.

The scrip has touched an intra-day high of Rs 160.65 and low of Rs 157.50. The total volume of shares traded at the BSE is 293,977.

Total volume of shares traded on the bourses today was lower by 24.37% to 3,184,597 compared with 22-day average volume of 4,210,720.