Law Firms bidding begins on EIL: Six firms shortlisted 07

Engineers India Limited (EIL), an engineering and technical service company is planning to raise about approx. Rs. 1,200 crore ($266 million) by way of a follow on issue, valuing the company at a whopping Rs. 12,000 crore ($2.6 billion). Government owns 90.40 per cent stake in EIL and it is under the administrative control of Ministry of Petroleum and Natural Gas.