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Artson Engineering gets nod to avail additional credit facilities

28 Jan 2020 Evaluate

Artson Engineering has received an approval for availing additional credit facilities amounting to Rs 20 crore, within the overall limits approved by the shareholders. The company also received an approval for availing sale and lease back facility amounting to Rs 3 crore, within the overall limits approved by the shareholders. The Board of Directors of the company at their meeting held on January 27, 2020, approved the same.

Artson Engineering is engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in refineries, which led the company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems.

Peers
Company Name CMP
Bharat Heavy Elect. 419.20
Thermax 3449.00
Kirloskar Industries 3588.85
Skipper 551.30
INDO-MIM 1275.35
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