Petron Engineering gets Letter of Intents worth Rs. 50 crore from Shree Cement

India Infoline News Service | Mumbai | September 19, 201609:15 IST

The scope of work is civil work, Reinforcement & MS steel work for Plant Building & Silo and Miscellaneous work at Aurangabad, Bihar and Plant Building & Silos i.e. Stacker and Re-claimer, Crusher, VRM - II and Miscellaneous work at Gulbarga, Karnataka.

Petron Engineering Construction
Petron Engineering Construction Ltd has received Letter of Intents (LOIs) from Shree Cement for Civil Work at their Cement Plants at Aurangabad, Bihar and at Gulbarga, Karnataka for a total Contract Value of Rs 50 crore (apprx).
 
The scope of work is civil work, Reinforcement & MS steel work for Plant Building & Silo and Miscellaneous work at Aurangabad, Bihar and Plant Building & Silos i.e. Stacker and Re-claimer, Crusher, VRM - II and Miscellaneous  work at Gulbarga, Karnataka.

Petron Engineering Construction Ltd is currently trading at Rs. 168.5, up by Rs. 11.25 or 7.15% from its previous closing of Rs. 157.25 on the BSE.
The scrip opened at Rs. 170 and has touched a high and low of Rs. 174.4 and Rs. 168.4 respectively. So far 39844(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 118.57 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.5 on 06-Jan-2016 and a 52 week low of Rs. 144.1 on 31-Aug-2016. Last one week high and low of the scrip stood at Rs. 165.55 and Rs. 155 respectively.
 
The promoters holding in the company stood at 72.47 % while Institutions and Non-Institutions held 0.04 % and 27.49 % respectively.
 
The stock is currently trading below its 200 DMA.

***Note: This is a NSE Chart

 

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