Petron Engineering bags order worth Rs 280 crore

Petron Engineering Construction received an order worth Rs 280 crore from JSW Steel.

Sep 27, 2017 03:09 IST India Infoline News Service

Petron Engineering Construction received an order worth Rs 280 crore from JSW Steel. With this development, the stock of Petron Engineering will be in focus on Wednesday’s trading session.
 
The company has received Purchase Order from M/s. JSW Steel Limited, for Supply, Fabrication, Erection & Alignment of Prefabricated Steel Structure for Blast Furnace#2 and Raw material handling system (RMHS) Conveyor Gallery and Junction House at Dolvi, Maharashtra.
 
Shares of Petron Engineering Construction closed trading at Rs 139.65 as compared to the previous close of Rs 133 on BSE on Tuesday. The total number of shares traded during the day was 1,250 on BSE. The stock's 52-week high stood at Rs 217.15 on May 3, 2017 and 52-week low at 119.5 on August 11, 2017.
 
Petron Engineering Construction Limited is engaged in the business of engineering, procurement and construction of plants for oil and gas refineries, power, cement, petrochemical, fertilizer and other industries. The company also provides electrical and instrumentation services and insulation and refractory application/maintenance services.

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