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Petron Engineering wins two orders, stock up 2%

Shilpa Mahapatre 24 December 2007

Petron Engineering Construction Ltd has announced that the company has secured two orders from Madras Cements Ltd for Ariyalur Project, located in Tamil Nadu.

The first order worth Rs. 60 million is for erection, testing, commissioning of electrical and instrumentation equipment while, the second order worth Rs. 36.1 million is for supply of electrical and instrumentation materials.

Incorporated in 1976, the Petron Engineering provides services in mechanical, erection, piping, electrical, instrumentation, painting, refractory and insulation work for refineries, chemicals, petrochemicals, cement, fertilizers, metallurgical, power plants and other industrial plants.

At 1:35 PM, the share was trading at Rs. 425 on NSE, up by 2 % compared with previous close of Rs. 417. The stock has touched an intraday high of Rs. 435 and low of Rs. 405.

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