EIL signs MoA with NRL for collaborative technology development

The company has signed a Memorandum of Agreement (MoA) with Numaligarh Refinery (NRL) to jointly develop a technology for “production of ammonia from ammonia-rich acid gas” and demonstrate it at the NRL site, Indian engineers said.

This MoA will pave the way for the demonstration of a technology jointly developed by EIL and NRL. This effort will be a win-win situation for EIL, which has extensive expertise in development, design and engineering, and NRL, which has extensive experience in commercializing indigenous technologies operated by SRU.

The development of technologies to produce ammonia from acid gases should address the issues associated with ammonia disposal in SRUs, in addition to generating value from the waste stream.

Vartika Shukla, EIL CMD, said: “This collaborative arrangement with NRL is one of the major steps taken by the company for indigenous technology development and deployment, leading Atmanirbharta in the energy sector to provide EIL with a diversified portfolio of technology and proprietary engineering projects. power/product.

Engineers India (EIL) is an engineering consultancy and technology licensing company in Hydrocarbons, Petrochemicals, Fertilizers, Metallurgy, Ports and Terminals and other industries with a DSIR accredited Research and Development Centre. As of September 30, 2022, the Indian government holds a 51.32% stake in the company.

The company reported a consolidated net profit of Rs 751.6 crore in Q2FY23, well above the Rs 170.4 crore posted in Q2FY22. For the quarter ended 30 September 2022, Net Sales rose 20.7% YoY to Rs 793.06 crore.

The stock rose 1.74 percent to close at Rs 78.90 on the BSE yesterday.

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(This story was not edited by Business Standard staff and was automatically generated from a syndicate feed.)

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