Petron Engineering touches the roof on bagging order worth Rs 84.71 crore

31 Mar 2015

Petron Engineering Construction is currently trading at its upper circuit limit of Rs. 261.00, up by 43.50 points or 20.00% from its previous closing of Rs. 217.50 on the BSE.

The scrip opened at Rs. 217.50 and has touched a high and low of Rs. 261.00 and Rs. 217.50 respectively. So far 26688 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 261.00 on 31-March-2015 and a 52 week low of Rs. 99.60 on 20-Oct-2014.

Last one week high and low of the scrip stood at Rs. 261.00 and Rs. 196.00 respectively. The current market cap of the company is Rs. 196.00 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 an order from KSS Petron for Civil, Structural & Underground Piping works for Integrated Refinery Expansion Project (IREP) of Bharat Petroleum Corporation, Ernakulam, Kochi for a total Contract Value of Rs 84.71 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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