MoneyWorks4Me

Petron Engineering shines on receiving Letter of Commitment from Fine Tech Corporation

19 Feb 2015 Evaluate

Petron Engineering Construction is currently trading at Rs. 223.90, up by 8.00 points or 3.71% from its previous closing of Rs. 215.90 on the BSE.

The scrip opened at Rs. 210.20 and has touched a high and low of Rs. 224.00 and Rs. 209.20 respectively. So far 7225 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.90 on 18-Feb-2015 and a 52 week low of Rs. 80.00 on 18-Feb-2014.

Last one week high and low of the scrip stood at Rs. 229.90 and Rs. 158.00 respectively. The current market cap of the company is Rs. 163.81 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 Commitment’ from Fine Tech Corporation, the Agents of Reliance Industries (RIL) for Mechanical Works of LLDPE and other Allied Works in J-3 Project at RIL, Jamnagar, Gujarat for a total Value of Rs 100 crore.

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.

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