Engineers India Limited (EIL) has secured a contract exceeding USD 450 million (approximately Rs 4,300 crore) from the Dangote Group, headquartered in Lagos, for a greenfield refinery and petrochemical facility in Kenya. This announcement was made by EIL in a filing with the stock exchange on September 22, 2026. The project aims to enhance fuel production capabilities in East Africa and reduce reliance on imports, thereby improving regional energy security.

Significance of the Project

Once operational, the refinery is expected to supply petroleum products to both local and international markets, addressing the growing energy demands in the region. This facility will have an impressive production capacity of 700,000 barrels per day (BPD). EIL emphasised that the collaboration with the Dangote Group, which has a history of joint ventures with esteemed engineering firms, underscores confidence in EIL’s expertise and project management skills.

The Dangote Group is expanding its footprint in East Africa, aligning its operations to cater to a broader range of crude oil grades. The establishment of this advanced refinery is a part of the group’s comprehensive strategy to bolster energy production within the continent and increase its market capabilities.

EIL’s role encompasses being both the Project Management Consultant (PMC) and Engineering, Procurement, and Construction Management (EPCM) consultant for this notable initiative, reflecting the trust and reliance placed on them by the Dangote Group.

Previous Collaborations Between EIL and Dangote Group

Previously, EIL collaborated with the Dangote Group as the Project Management Consultant for the Lekki Free Zone’s Dangote Refinery and Petrochemical Complex, which has a capacity of 650,000 BPD. That facility has already been commissioned successfully. Furthermore, EIL is also involved in expanding this refinery’s capacity to 1.4 million BPD, an expansion intended to significantly enhance Africa’s overall refining capacity.

The Dangote Group is a prominent Nigerian multinational with diverse operations that include upstream oil and gas, petrochemicals, mining, and food production. The conglomerate operates in 17 countries across Africa, demonstrating its extensive influence in various sectors, including cement and fertilisers.

EIL’s Current Market Performance

Following the announcement of the contract, shares of EIL were trading at approximately Rs 302.80 each, marking an increase of Rs 17.70, or 6.21 per cent from the previous closing price of Rs 285.10. On this date, the stock reached a 52-week high of Rs 304.60, showcasing a positive market response to the news of the secured contract.

The expected outcomes of this significant project and EIL’s active role in expanding Africa’s refining capacity underline the growing importance of localised energy production in the region. This development aligns with broader efforts to establish sustainable energy sources across Africa, increasing self-reliance and reducing dependency on external oil imports.

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