Engineers India Gets Interim CMD as Government Assigns Additional Charge

Engineers India Limited ( (IN:ENGINERSIN) ) has shared an update.

Engineers India Limited announced that the Ministry of Petroleum & Natural Gas has entrusted Praveen M. Khanooja, Additional Secretary in the ministry, with additional charge as Chairman and Managing Director. His appointment is effective from 1 March 2026 for three months or until a regular CMD is appointed, signaling an interim leadership arrangement while the government completes the process of selecting a permanent head.

The temporary elevation of a senior government official to the top role underscores the company’s close alignment with government oversight in the oil and gas sector. Stakeholders are likely to view this as a continuity measure designed to maintain operational stability and governance standards during the transition, with further details on his appointment and responsibilities expected to be disclosed in line with SEBI requirements.

More about Engineers India Limited

Engineers India Limited is a government-linked engineering consulting and EPC company primarily serving the petroleum, natural gas, and infrastructure sectors in India. The firm provides project management, design, and technical advisory services to energy and allied industries, supporting large-scale public sector and strategic projects under various central ministries.

Average Trading Volume: 492,303

Technical Sentiment Signal: Strong Buy

Current Market Cap: 124.5B INR

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