Petron Engineering Construction gains on bagging contracts worth Rs 135.05 crore

22 Jul 2013

Petron Engineering Construction is currently trading at Rs. 58.10, up by 1.15 points or 2.02% from its previous closing of Rs. 56.95 on the BSE.

The scrip opened at Rs. 57.00 and has touched a high and low of Rs. 58.10 and Rs. 57.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.95 on 20-Jul-2012 and a 52 week low of Rs. 56.95 on 19-Jul-2013.

Last one week high and low of the scrip stood at Rs. 60.80 and Rs. 56.95 respectively. The current market cap of the company is Rs. 43.00 crore.

The promoters holding in the company stood at 72.47%, while Institutions and Non-Institutions held 0.76% and 26.77% respectively.

Petron Engineering Construction has received different orders aggregating to Rs 135.05 crore. The company has received first order from NTPC, Noida (UP) for supply (ex-works) of ‘Electrical Equipment Supply & Erection Package’ and also for Inland transportation, Insurance, Installation, testing, commissioning of ‘Electrical Equipment Supply & Erection Package’ for Kudgi STPP, Stage -1 (3 x 800 MW).

Besides, the company has received letter of intent from Essar Oil (UK), for design, engineering, manufacturing including Fabrication, Painting, Inspection, Testing Packing and supply of Platformer - 3 New Convection Bank along with the associated ducting and supporting arrangement in two Parts.

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.

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