Petron Engineering Construction is currently trading at Rs. 151.95, up by 13.45 points or 9.71% from its previous closing of Rs. 138.50 on the BSE.
The scrip opened at Rs. 148.50 and has touched a high and low of Rs. 151.95 and Rs. 146.00 respectively. So far 3,882 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. 122.00 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 151.00 and Rs. 134.30 respectively. The current market cap of the company is Rs. 113.83 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 Shree Cement, for Civil Work of Plant Building & Silos and Misc. work at their Orissa Grinding Project at Chandrabali village, Shyampur District, Cuttack, Orissa for contract value of approximately Rs 33.00 crore.
Earlier in September, the company had received LoI 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.
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.
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