Engineers India Invests In Numaligarh Refinery To Expand Downstream Presence

Engineers India Ltd. on Monday said it has subscribed to 12.57 million shares of Numaligarh Refinery Ltd. in the fourth rights issue call, at ₹27.50 per share, for a total outlay of ₹345.8 million.

The move is part of Engineers India's strategy to diversify into downstream oil and gas operations, the company said in an exchange filing.

Numaligarh Refinery, which specialises in refining petroleum products, posted a revenue of ₹251.47 billion in 2024–2025, according to Engineers India.