Petron Engineering Construction is currently trading at Rs. 151.10, up by 4.50 points or 3.07% from its previous closing of Rs. 146.60 on the BSE.
The scrip opened at Rs. 153.90 and has touched a high and low of Rs. 153.90 and Rs. 143.00 respectively. So far 49930 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.15 on 03-May-2017 and a 52 week low of Rs. 119.50 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 153.90 and Rs. 124.00 respectively. The current market cap of the company is Rs. 113.45 crore.
The promoters holding in the company stood at 72.47%, while Institutions and Non-Institutions held 0.06% and 27.47% respectively.
Petron Engineering Construction has received purchase order from JSW Steel, for Supply, Fabrication, Erection & Alignment of Prefabricated Steel Structure for Blast Furnace 2 and Raw material handling system (RMHS) Conveyor Gallery & Junction House at Dolvi, Raigad district in state of Maharashtra for an approximate value of Rs 280 crore (Including GST).
Recently, the company had received Letter of Intent (LoI) from JSW Cement for Civil & Structural work for 1.2 MTPA Cement grinding plant at Jajpur, Orissa for a value of around Rs 60 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.