Petron Engineering receives Letter of Intent from SEPCO Electric

Petron Engineering Construction Ltd has announced that the Company has received a Letter of Intent from SEPCO ELECTRIC POWER CONSTRUCTION CORPORATION, CHINA for Erection of 3 x 600MW Boilers with BOP Package of KSK Mahanadi Power Company Ltd., 3600MW Power Project at Nariyara, Janjgir - Champa, Chattisgarh, India for a total Contract Value of Rs. 146.00 Crores.

The stock was trading at Rs.425.80, up by Rs.10.15 or 2.44%. The stock hit an intraday high of Rs.432.50 and low of Rs.406.25.

The total traded quantity was 21683 compared to 2 week average of 13325.

Source : Equity Bulls

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