Petron Engineering receives Contract worth Rs.127 Crores for Bina Refinery Project

Petron Engineering Construction Ltd has announced that the Company had participated in Bid Document for Fired Heaters and they have accepted Company's bid and accordingly the Company has been awarded contract for Fired Heaters for HCU / DHDT for Bina Refinery Project developed by Bharat Oman Refineries Ltd (a Company promoted by Bharat Petroleum Corporation Ltd and Oman Oil Company Ltd) for a contract value of Rs 127.00 Crores, inclusive of all taxes, duties and levies and MP VAT on Works Contract.

The stock was trading at Rs.201.60, up by Rs.11.45 or 6.02%. The stock hit an intraday high of Rs.204.90 and low of Rs.190.60. The total traded quantity was 56916 compared to 2 week average of 13872.

Source : Equity Bulls

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