Petron Engineering Construction is currently trading at Rs. 188.70, up by 31.45 points or 20.00% from its previous closing of Rs. 157.25 on the BSE.
The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 188.70 and Rs. 163.05 respectively. So far 55456 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.50 on 06-Jan-2016 and a 52 week low of Rs. 144.10 on 31-Aug-2016.
Last one week high and low of the scrip stood at Rs. 165.55 and Rs. 155.00 respectively. The current market cap of the company is Rs. 142.25 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 Intents (LOIs) from Shree Cement for Civil Work at their Cement Plants at Aurangabad, Bihar and at Gulbarga, Karnataka for a total Contract Value of Rs 50 crore.
The scope of work is civil work, Reinforcement & MS steel work for Plant Building & Silo and Miscellaneous work at Aurangabad, Bihar and Plant Building & Silos i.e. Stacker and Re-claimer, Crusher, VRM - II and Miscellaneous work at Gulbarga, Karnataka.
Petron Engineering Construction is a construction and engineering company. It 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.
