News Detail

• Petron Engineering Construction rose 1.9% to Rs. 268 at 10:18 IST on BSE after the company said it has won an order worth Rs. 31.60 crore from Lanco lnfratech.The company made this announcement after market hours on Wednesday, 14 December 2011.Meanwhile, the BSE Sensex was down 176.98 points, or 1.11% to 15,704.16.On BSE, 111 shares were traded in the counter as against average daily volume of 1,100 shares in the past one quarter.The stock hit a high of Rs. 269.95 and a low of Rs. 264 so far during the day. The stock had hit a 52-week high of Rs. 489.45 on 29 April 2011. The stock had hit a 52-week low of Rs. 253.10 on 11 February 2011.
• The small-cap stock had underperformed the market over the past one month till 14 December 2011, falling 10.56% compared with Sensex's 7.23% decline. The scrip had also underperformed the market over the past one quarter, declining 16.89% as against Sensex's 4.96% fall.The company has an equity capital of Rs. 7.54 crore. Face value per share is Rs. 10.Petron Engineering Construction said that the latest order from Lanco lnfratech is for supply of electrical equipment and erection, testing and commissioning of electrical erection package for Lanco Infratech's 2 x 600 megawatts (MW) thermal power project at Dhenkanal, Odisha.
• Petron Engineering Construction's net profit jumped 67.3% to Rs. 9.25 crore on 90.7% spurt in net sales to Rs. 167.65 crore in Q2 September 2011 over Q2 September 2010.Petron Engineering Construction executes projects in diversified sectors like refineries (reformers and crackers), oil & gas, power, cement, fertilizer & petrochemical including specialized insulation & refractory work, fabrication work along with electrical & instrumentation work.

Source