Artson Engineering hits the roof after bagging order worth Rs 61.77 cr

24 Aug 2022 , 01:16 PM

In an exchange filing on Wednesday, the company informed that it has bagged Rs 61.77 crore order from Tata Projects for fabrication and supply of structures for Tata Steel IOPP, Noamundi Project. The said domestic order is to be executed in 10 months. Artson Engineering the company has commissioned, on turn-key basis, several fuel storage and handling facility systems. The company is operating in one segment viz. supply of fabricated steel structure and site services of mechanical works. The company reported a net loss of Rs 4.89 crore in Q1 FY23 as against a net profit of Rs 0.56 crore recorded in Q1 FY22. Net sales declined 4.1% year on year to Rs 37.40 crore in Q1 FY23. Powered by Capital Market – Live News