 "Petron Engineering soars on contract win")
Petron Engineering Construction has soared 13% to Rs 242 on the National Stock Exchange (NSE) after the company said it has received order worth of Rs 85 crore for integrated refinery expansion project of the state-owned firm Bharat Petroleum Corporation Limited (BPCL).
“The company has received an order from KSS Petron Private Limited for civil, structural & underground piping works for integrated refinery expansion project (IREP) of M/s. Bharat Petroleum Corporation Limited, Ernakulam, Kochi for a total contract value of Rs 84.71 crore,” Petron Engineering said in a BSE filing.
The stock opened at Rs 216 and touched a high of Rs 248 on the NSE. The trading volumes on the counter more than doubled with a combined 39,721 shares changed hands on the NSE and BSE till 1146 hours.
“The company has received an order from KSS Petron Private Limited for civil, structural & underground piping works for integrated refinery expansion project (IREP) of M/s. Bharat Petroleum Corporation Limited, Ernakulam, Kochi for a total contract value of Rs 84.71 crore,” Petron Engineering said in a BSE filing.
The stock opened at Rs 216 and touched a high of Rs 248 on the NSE. The trading volumes on the counter more than doubled with a combined 39,721 shares changed hands on the NSE and BSE till 1146 hours.