The partners are also shaping the company’s board composition, roping in independent directors, to meet local capital market laws. Rules require the board to be made up of 33% independent directors, if its chairman is an independent director.
EIL Q3 profit soars over 3x YoY to Rs 302 crore
State-owned Engineers India Ltd (EIL) reported an over 3-fold on-year jump in net profit to Rs 302 crore for the third quarter ended December 31,