New Delhi: Engineers India Limited (EIL), one of India’s leading engineering consultancy and EPC companies, has appointed Atul Gupta as its new Chairman & Managing Director (CMD) with effect from June 29, 2026. The appointment follows a communication from the Ministry of Petroleum & Natural Gas (MoPNG) and was formally noted and approved by the company’s Board of Directors during its meeting held on June 29.
The development marks a significant leadership transition for the state-owned engineering major after the retirement of former CMD Vartika Shukla. Gupta, who was serving as Director (Commercial) before taking over the top position, assumed charge on the afternoon of June 29, 2026.
Atul Gupta Takes Charge as CMD of Engineers India Limited
According to EIL’s regulatory filing with the BSE Limited and the National Stock Exchange of India (NSE), the Board approved Gupta’s assumption of charge as Chairman & Managing Director in compliance with the directions received from the Ministry of Petroleum & Natural Gas.
Gupta officially assumed office on June 29, 2026, and will continue as CMD until his superannuation on October 31, 2029, or until further orders, whichever is earlier.
With his appointment, the additional charge held by Praveen M. Khanooja (IA&AS), Additional Secretary, Ministry of Petroleum & Natural Gas, has been withdrawn. Khanooja had been overseeing the CMD responsibilities following the retirement of Vartika Shukla on February 28, 2026.
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Board Meeting Details
The Board of Directors considered the leadership transition during its meeting held on June 29, 2026.
- Meeting Start Time: 4:45 PM
- Meeting End Time: 5:45 PM
During the meeting, the Board formally took note of the Ministry’s communication and approved Gupta’s assumption of charge as Chairman & Managing Director.
Appointment Complies with SEBI Regulations
Engineers India Limited confirmed that the appointment has been made in accordance with all applicable regulatory requirements.
The company stated that the appointment complies with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular dated January 30, 2026
- Applicable corporate governance norms for listed public sector enterprises
EIL further clarified that:
- Atul Gupta is not debarred by SEBI or any other statutory authority from holding the office of director.
- There is no inter-se relationship among the directors of the company.
- All necessary disclosures have been submitted to the stock exchanges.
Who is Atul Gupta?
Atul Gupta is a highly experienced engineering professional with more than 30 years of service at Engineers India Limited.
He holds a Bachelor of Technology (B.Tech.) in Mechanical Engineering from Govind Ballabh Pant University of Agriculture and Technology (GBPUAT), Pantnagar.
Gupta joined Engineers India Limited in 1992 as a Management Trainee and has steadily risen through the organization by handling several key technical and commercial assignments.
Atul Gupta’s Career Highlights
During his three-decade-long career at EIL, Gupta has been associated with several prestigious domestic and international projects.
His key professional achievements include:
- Joined EIL as a Management Trainee in 1992.
- Over 30 years of experience in engineering consultancy and EPC project execution.
- Extensive expertise across refinery, petrochemical, pipeline, and fertilizer sectors.
- Led multidisciplinary teams covering engineering, procurement, contracts, manufacturing, construction, and commissioning.
- Managed both greenfield and brownfield projects in India and overseas.
- Served at multiple project sites before moving to EIL’s Corporate Office in 2007.
- Played important roles in both technical execution and commercial management throughout his career.
His broad experience across project execution and business functions is expected to support EIL’s future growth and strategic initiatives.
Leadership Transition at EIL
The appointment comes after the retirement of former CMD Vartika Shukla, who completed her tenure on February 28, 2026.
Following her superannuation, Praveen M. Khanooja, Additional Secretary in the Ministry of Petroleum & Natural Gas, was entrusted with the additional charge of Chairman & Managing Director until a regular appointment was made.
With Atul Gupta now assuming full-time charge, EIL enters a new phase of leadership under an executive who has spent his entire professional career within the organization.
Market Outlook: What Gupta’s Appointment Means for Investors
Leadership changes in major public sector enterprises like Engineers India Limited are closely monitored by investors and industry stakeholders.
Market participants are expected to watch the new CMD’s leadership for developments related to:
- Expansion of EIL’s engineering and consultancy business.
- Execution of major refinery and petrochemical projects.
- Government infrastructure and energy sector contracts.
- International EPC and consultancy opportunities.
- Strategic business growth and operational continuity.
Given Gupta’s extensive experience in project execution and commercial operations, analysts believe his appointment provides continuity in the company’s long-term strategy.
About Engineers India Limited (EIL)
Engineers India Limited is a leading public sector enterprise under the Ministry of Petroleum and Natural Gas. The company provides engineering consultancy and EPC (Engineering, Procurement, and Construction) services across sectors such as oil & gas, petrochemicals, infrastructure, and fertilizers. Known for its technical expertise and project execution capabilities, EIL plays a key role in India’s industrial and infrastructure development.
