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Engineers India (EIL) has secured a US$450 million+ contract from Nigeria-based Dangote Group

ICICIdirect Research 23 Sep 2026 DISCLAIMER

News: Engineers India (EIL) has secured a US$450 million+ contract from Nigeria-based Dangote Group to provide PMC and EPCM consultancy for a 700,000 barrels/day greenfield refinery and petrochemical plant in Kenya. The win builds on EIL’s relationship with Dangote, for which it has provided PMC/EPCM services for the 650,000 BPD Lekki refinery in Nigeria and its expansion to 1.4 million BPD. The Kenya project is expected to strengthen East Africa’s fuel production capacity, reduce import dependence and support regional energy security.

View: The ~₹4,300 crore mandate is sizeable relative to EIL’s ₹14,400 crore Q1FY27 order book, representing ~30% incremental order-book visibility if fully reflected in the order book.The repeat mandate from Dangote strengthens EIL’s credentials for large-scale international projects; conversion of the order into revenue and execution across the next 3–4 years remain key monitorables.

Impact: Positive

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