<p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Engineers India Limited and Shipping Corporation of India have drawn renewed investor attention as two state-owned enterprises whose growth trajectories are being shaped by both domestic policy priorities and geopolitical shifts in global trade and energy infrastructure. Both companies have historically carried Miniratna status before advancing in the PSU classification hierarchy, and their current order books and expansion plans offer a window into how India's public-sector maritime and engineering capabilities are being deployed.</span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Engineers India, which now holds Navratna status, reported record financial performance for FY26, with revenue from operations rising 27.1% year-on-year to ₹3,849 crore and net profit increasing 36.9% to an all-time high of ₹638 crore </span><span class="">. The company's order book stood at approximately ₹17,000 crore, with ₹3,565 crore of orders already secured in FY27, split between ₹2,492 crore from domestic projects and ₹1,073 crore from international business </span><span class="">. EIL has guided for 10% revenue growth in FY27 while targeting operating margins in the 14–16% range.</span><span class="_5f9bba8" data-citation-group="1" style="margin-left: 2px; margin-right: 2px;"><a href="https://in.tradingview.com/news/cnbctv:027d0ab75094b:0/#1" target="_blank" rel="noreferrer" aria-label="36" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The engineering consultancy's international pipeline has been significantly influenced by the West Asia conflict. Chairman Atul Gupta said EIL expects an order pipeline of approximately $1 billion from the Gulf region over the next two to three years, as countries including the UAE and Saudi Arabia plan infrastructure to bypass the Strait of Hormuz </span><span class="">. These projects include oil facilities, product pipelines, strategic storage, oil terminals and marine infrastructure. EIL opened an office in Saudi Arabia in February 2026 and maintains a branch in the UAE, positioning itself for contracts that require local registration </span><span class="">. The company has also expanded into Nigeria, Mongolia, Guyana, Bahrain, Algeria and Kuwait.</span><span class="_5f9bba8" data-citation-group="3" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.moneycontrol.com/news/business/engineers-india-eyes-1-billion-opportunity-in-gulf-to-rebuild-damaged-oil-infrastructure-14033232.html?pitchClick=top-business-news&amp;utm_source=budget_2026&amp;utm_medium=desktop_Budget_Page&amp;utm_campaign=Budget_Article_Consumption_Top_Business_News#1" target="_blank" rel="noreferrer" aria-label="22" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.marketscreener.com/news/engineers-india-expects-gains-from-middle-east-plans-to-bypass-hormuz-ce785adada8cff22#1" target="_blank" rel="noreferrer" aria-label="26" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Shipping Corporation of India, the country's largest shipping company, is targeting profit after tax exceeding ₹2,000 crore in FY27, according to Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal </span><span class="">. The company reported standalone PAT of ₹1,352.92 crore in FY26 on operating revenue of ₹5,778.1 crore, and had already crossed ₹600 crore in PAT in the first quarter of FY27 </span><span class="">. SCI currently operates 58 vessels with a combined capacity of 5.26 million DWT, spanning crude and product tankers, bulk and container shipping, LPG and LNG carriers, offshore services, and passenger transport </span><span class="">.</span><span class="_5f9bba8" data-citation-group="5" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.businessworld.in/article/shipping-corporation-of-india-targets-over-rs-2-000-crore-pat-in-fy27-626640#1" target="_blank" rel="noreferrer" aria-label="23" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.maritimegateway.com/sci-turns-65-as-sonowal-calls-for-bigger-role-in-indias-shipbuilding-and-fleet-ambitions/" target="_blank" rel="noreferrer" aria-label="27" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.moneycontrol.com/news/business/shipping-corporation-of-india-expects-rs-2-000-crore-profit-this-fiscal-sarbananda-sonowal-14043557.html?pitchClick=top-business-news&amp;utm_source=budget_2026&amp;utm_medium=desktop_Budget_Page&amp;utm_campaign=Budget_Article_Consumption_Top_Business_News#1" target="_blank" rel="noreferrer" aria-label="30" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The fleet expansion strategy is centred on partnerships. SCI is working with companies in the petroleum sector to establish joint ventures, with proceeds expected to finance the procurement of more than 34 vessels </span><span class="">. Separately, the company is collaborating with CONCOR and four major ports to add 51 container vessels, a move aligned with the government's broader push to strengthen domestic container shipping capacity and reduce dependence on foreign tonnage </span><span class="">. The expansion comes as India seeks to reinforce its maritime presence under the Maritime Amrit Kaal Vision 2047 framework.</span><span class="_5f9bba8" data-citation-group="8" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.businessworld.in/article/shipping-corporation-of-india-targets-over-rs-2-000-crore-pat-in-fy27-626640#1" target="_blank" rel="noreferrer" aria-label="23" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.moneycontrol.com/news/business/shipping-corporation-of-india-expects-rs-2-000-crore-profit-this-fiscal-sarbananda-sonowal-14043557.html?pitchClick=top-business-news&amp;utm_source=budget_2026&amp;utm_medium=desktop_Budget_Page&amp;utm_campaign=Budget_Article_Consumption_Top_Business_News#1" target="_blank" rel="noreferrer" aria-label="30" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">From a market perspective, both stocks have experienced notable price movements. EIL shares touched a 52-week high of ₹289.65 in September 2026 following the record FY26 results, though the stock subsequently traded in the ₹280–290 range through mid-October </span><span class="">. SCI shares rallied as much as 9.34% to ₹292 in early October following the minister's profit guidance, before easing to around ₹277–288 in subsequent sessions </span><span class="">. The stocks carry distinct risk profiles: EIL's earnings are tied to project awards and execution cycles in the oil, gas and infrastructure sectors, while SCI's performance is sensitive to freight rate cycles, vessel utilisation and the timing of fleet additions.</span><span class="_5f9bba8" data-citation-group="10" style="margin-left: 2px; margin-right: 2px;"><a href="https://upstox.com/news/market-news/stocks/shipping-corporation-of-india-shares-rally-9-what-is-giving-the-stock-a-lift/article-201287/#1" target="_blank" rel="noreferrer" aria-label="8" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://www.cnbctv18.com/market/stocks/shipping-corporation-of-india-share-price/SCI/half-yearly-results/#1" target="_blank" rel="noreferrer" aria-label="15" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The policy backdrop is also relevant to both companies. The government's ₹10,000-crore Container Manufacturing Assistance Scheme, announced in the FY27 Budget, is intended to support domestic container production and reduce import dependence, a development that could indirectly benefit SCI's container shipping operations by improving equipment availability </span><span class="">. For EIL, the Gulf reconstruction pipeline represents a counter-cyclical opportunity emerging from the same geopolitical disruptions that have slowed order inflows from the region in the near term.</span><span class="_5f9bba8" data-citation-group="14" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.businessworld.in/article/shipping-corporation-of-india-targets-over-rs-2-000-crore-pat-in-fy27-626640#1" target="_blank" rel="noreferrer" aria-label="23" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Looking ahead, the investment case for both PSUs rests on execution rather than policy intent. EIL's ability to convert its Gulf pipeline into firm contracts will depend on the pace of client investment decisions and security conditions in the region. SCI's profit target and fleet expansion will be tested by freight market conditions, the successful formation of the planned joint ventures, and the delivery schedule for new vessels. For investors tracking Miniratna and Navratna PSU stocks, these two companies offer exposure to India's maritime and energy infrastructure ambitions—but with earnings trajectories that remain closely linked to the same global disruptions reshaping the wider logistics landscape.</span></p>