Engineers India is studying potential deals to build chemicals and fertilizer projects in Africa and expects to finalize a nearly $25 million order soon, Chairperson Vartika Shukla said in an interview with Bloomberg. He added that the company currently gets more than 90% of its revenue from oil refinery orders and is diversifying into clean energy projects, including renewables and biofuels.
Refining, however, will continue to present growth for the company, as the state-run engineering consultant expects there could be as much as 400 billion rupees ($4.8 billion) of new projects coming up as the Indian government aims to nearly double refining capacity.