Artson Engineering bags new order worth Rs 6.63 crore; stock gains over 1%

14 Dec 2022 , 02:27 PM

Artson Engineering Limited informed that the company has received a purchase order for Rs 6.63 crore, excluding taxes.

The order has been received from Aarti Industries Limited — Dahej. The order is domestic in nature.

The company stated in its exchange filing that the order is for manufacture and supply of a buss loop reactor; buss loop heat exchanger, and buss loop piping under ASME U Stamp.

The company expects to complete the order within a period of 35 weeks from the date of agreement.

Artson Engineering is a Hyderabad-based Engineering, Manufacturing, and Construction (EMC) Contracting Company with a diverse range of businesses in Pressure Equipment Manufacturing for Oil and Gas, Petrochemicals, Power, Metallurgy Industry, Bulk Liquid Storage Farm Construction, Industrial Piping, and so on.

At around 2.30 PM, Artson Engineering was trading at Rs90 up by 1.12% from its previous closing of Rs89 on the BSE. The scrip touched an intraday high and low of Rs92 and Rs88.50 respectively.

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