How to insert picture in the Delphi program itself?

I have used a TImage component in my program.

At runtime, I add an image to the component by using:

Image1.Picture.LoadFromFile('C:\Users\53941\Pictures\eq1.jpg');

Now, I want to run this program on some other computer, which would not have this image file at the source I have given in the code.

So, how can I store this image file in the program executable itself?

Store the image file in the program's resources, using an .rc script or the IDE's Resources and Images dialog. Read Embarcadero's documentation for more details:

Resources and Images

You can then use a TResourceStream to access the resource data at runtime. Construct a TJPEGImage object, load the stream into it, and assign it to the TImage:

uses
  ..., Classes, Jpeg;

var
  Strm: TResourceStream;
  Jpg: TJPEGImage;
begin 
  Strm := TResourceStream.Create(HInstance, '<Resource identifier>', RT_RCDATA);
  try
    Jpg := TJPEGImage.Create;
    try
      Jpg.LoadFromStream(Strm);
      Image1.Picture.Assign(Jpg);
    finally
      Jpg.Free;
    end;
  finally
    Strm.Free;
  end;
end;