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Petron Engineering soars on bagging order worth Rs 213 crore from BPCL

28 Feb 2014

Petron Engineering Construction is currently trading at Rs. 93.00, up by 5.10 points or 5.80% from its previous closing of Rs. 87.90 on the BSE.

The scrip opened at Rs. 91.50 and has touched a high and low of Rs. 94.00 and Rs. 91.50 respectively. So far 504 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. 94.00 and Rs. 83.30 respectively. The current market cap of the company is Rs. 68.98 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 Acceptance dated February 26, 2014 from Bharat Petroleum Corporation (BPCL), Ernakulam, Kerala for Composite Mechanical Works of Process Units - FCCU for Integrated Refinery Expansion Project (IREP) of BPCL Kochi Refinery for a contract value of approximately Rs 213 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.


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SEBI Registered: Investment Adviser - INA000013323