EIL: Some interesting insights – 21 Jul 2025

EIL misses this consultancy tender by a whopping 200%

The L-1 was for a MECON’s EPCM Undercut Stuns BPCL Tender as EIL Misses by 194%

L1 bid of Rs19.36 crore—staggeringly lower than EIL’s Rs 56.95 crore suggests either a lean delivery model or aggressive risk-taking by the engineering major’s competitor.

Strategic undercut or misread risk?

EIL’s 64% lower bid raises eyebrows on whether the scope was heavily optimized—or Technip priced in latent risks around licensor coordination and statutory delays.