Petron Engineering Construction is currently trading at Rs. 144.20, up by 1.25 points or 0.87% from its previous closing of Rs. 142.95 on the BSE.
The scrip opened at Rs. 146.75 and has touched a high and low of Rs. 147.50 and Rs. 144.20 respectively. So far 1626 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 220.00 on 06-May-2016 and a 52 week low of Rs. 122.00 on 21-Nov-2016.
Last one week high and low of the scrip stood at Rs. 150.70 and Rs. 136.15 respectively. The current market cap of the company is Rs. 108.70 crore.
The promoters holding in the company stood at 72.47%, while Institutions and Non-Institutions held 0.04% and 27.49% respectively.
Petron Engineering Construction has received Letter of Intent (LoI) from Shree Cement, Beawar, Rajasthan for civil work at their cement plant at Gulbarga, Karnataka for a total contract value of approximately Rs 21.00 crore.
The scope of work includes Plant Building & Silos i.e. Stacker and Reclaimer, Crusher, VRM Part - II with Misc. work and additional work of Clinker Tank at Gulbarga, Karnataka Cement Project.
Petron Engineering Construction is a construction and engineering company. It has a valuable and rich experience in the fields of refinery (reformers and crackers), power and cement plants, petrochemical and fertilizer plants; insulation and refractory, fabrication works along with electrical and instrumentation works.