Petron Engineering shines on receiving LOI worth Rs 24 crore from NCC, Shree Cement

Petron Engineering Construction Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 530381 | NSE: PETRONENGG

19 Dec 2014 Evaluate

Petron Engineering Construction is currently trading at Rs. 159.00, up by 9.95 points or 6.68% from its previous closing of Rs. 149.05 on the BSE.

The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 163.95 and Rs. 159.00 respectively. So far 240 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 189.30 on 06-Jun-2014 and a 52 week low of Rs. 73.05 on 20-Dec-2013.

Last one week high and low of the scrip stood at Rs. 170.00 and Rs. 144.00 respectively. The current market cap of the company is Rs. 122.88 crore.

The promoters holding in the company stood at 72.47 % while Institutions and Non-Institutions held 2.00 % and 25.52 % respectively.

Petron Engineering Construction has received Letter of Intent (LOI) from NCC, Madhapur, Hyderabad for additional Services of Erection, Testing & Assistance for Commissioning, Trial Operation and handing over of Critical Piping as per Technical Specification for 2 x 600 MW NCC Power Plant at Nellore, and from Shree Cement, Beawar, Rajasthan for Civil Construction Work of Packing Plant Extension and Fly Ash unloading system with handling Conveyor Belt at Bangur Cement, Aurangabad for a total contract value of Rs 24.00 crore (excluding service tax).

Petron Engineering Construction has a valuable and rich experience in the fields of refinery (reformers and crackers), power and cement plants, petrochemical and fertilizer plants; insulation and refractory, fabrication works along with electrical and instrumentation works.

Petron Engg Constn. Share Price

4.95 0.00 (0.00%)

18-Feb-2020 18:01 View Price Chart

Peers

Company Name	CMP
Larsen & Toubro	3940.00
Rail Vikas Nigam	295.40
NCC	166.20
KEC International	583.55
Kalpataru Projects	1262.00
View more..

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