Engineers India Limited
HSBC Mutual Fund raised its stake in Engineers India Limited from 3.08% to 3.83%, purchasing 42,29,983 shares.
A central public sector undertaking operating under the Ministry of Petroleum and Natural Gas, Engineers India provides comprehensive engineering consultancy and project execution services. The company undertakes turnkey contracts across the energy, refining, and infrastructure sectors, delivering integrated solutions spanning design, engineering, procurement, and construction. Its distinctive strength lies in managing complex, large-scale projects requiring specialized technical expertise and end-to-end project delivery capabilities in challenging environments.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.