Petron Engineering Construction surges on receiving LoI for contract worth Rs 196 crore

25 Feb 2014

Petron Engineering Construction is currently trading at Rs. 89.95, up by 6.65 points or 7.98% from its previous closing of Rs. 83.30 on the BSE.

The scrip opened at Rs. 90.95 and has touched a high and low of Rs. 91.00 and Rs. 89.95 respectively. So far 381 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.00 on 02-May-2013 and a 52 week low of Rs. 33.15 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 92.80 and Rs. 80.00 respectively. The current market cap of the company is Rs. 68.60 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 a Letter of Intent (LoI) dated February 19, 2014 from JBF Petrochemicals, Mangalore for Composite works comprising Civil, Structural, Underground Piping, Buildings, Mechanical Piping, Insulation, Painting, Electrical & Instrumentation works for its JBF PTA OSBL Project at Mangalore for an approximately contract value of Rs 196.00 crore plus service tax.

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

Related Petron Engineering Construction Ltd. Links:

Petron Engg Constn. Share Price

5.80 0.00 (0.00%) Nov 15, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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