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Petron Engineering locked in upper circuit for third day on order win

The stock has locked in upper circuit for the third straight day, up 5% at Rs 147 on BSE

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SI Reporter Mumbai
Petron Engineering Construction is locked in upper circuit for the third straight session, up 5% at Rs 147 on BSE, extending its past two days 9% gain, after the company said it has received purchased order worth of Rs 280 crore from JSW Steel.

“The order is for supply, fabrication, erection & alignment of prefabricated steel structure for blast furnace#2 and raw material handling system (RMHS) conveyor gallery & junction house at Dolvi, Dist. Raigad, Maharashtra, India,” Petron Engineering Construction said in a BSE filing on Tuesday.

The stock hit a 52-week high of Rs 217 on May

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