Petron Engineering Construction zooms on bagging LoI worth Rs 75 crore from JSWCL

30 Dec 2015

Petron Engineering Construction is currently trading at Rs. 232.30, up by 10.60 points or 4.78% from its previous closing of Rs. 221.70 on the BSE.

The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 235.20 and Rs. 230.00 respectively. So far 4822 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 313.80 on 23-Apr-2015 and a 52 week low of Rs. 142.35 on 09-Feb-2015.

Last one week high and low of the scrip stood at Rs. 235.20 and Rs. 220.00 respectively. The current market cap of the company is Rs. 175.42 crore.

The promoters holding in the company stood at 72.47 % while Institutions and Non-Institutions held 0.04 % and 27.49 % respectively.

Petron Engineering Construction has received Letter of Intent (LoI) from JSW Cement (JSWCL) for Civil and Structural Work for 2 x 1.2 MTPA GGBS Grinding Unit at JSWCL, Salboni, West Bengal for a total contract price of Rs 75 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.

Related Petron Engineering Construction Ltd. Links:

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Puchho Befikar
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