business ⛽ EIL eyeing big oil infra projects in Saudi Arabia and UAE
Engineers India Ltd (EIL) is discussing consultancy for oil and gas infrastructure with Saudi Arabia and the UAE. These nations are planning $1 billion investments in pipelines and terminals to bypass the Strait of Hormuz. The discussions are happening as the Iran conflict disrupts crucial energy shipping routes globally. While current orders have slowed down, EIL sees potential opportunities if Gulf producers accelerate alternative infrastructure builds. The company aims to leverage this geopolitical shift for major international growth.