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Petron Engineering Construction inches up on new order win

Capital Market/ 12:30 , Nov 30, 2011

Petron Engineering Construction rose 0.63% to Rs 272.30 at 12:22 IST after the company said it received an order worth approximately Rs 104.93 crore from GAIL (India) for cracker furnace package at its Pata petrochemicals complex in Uttar Pradesh.

Petron Engineering Construction made the announcement during trading hours today, 30 November 2011.

Meanwhile, the BSE Sensex was up 34.56 points, or 0.22%, to 16,042.90.

On BSE, just 19 shares were traded in the counter compared with average volume of 514 shares over the past two weeks.

The stock hit a high of Rs 273.90 and a low of Rs 264 so far during the day.

Net profit of Petron Engineering Construction rose 67.27% to Rs 9.25 crore on 90.66% rise in net sales to Rs 167.65 crore in Q2 September 2011 over Q2 September 2010.

Petron Engineering Construction has 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 & instrumentation works.

 



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