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Petron Engineering Construction Ltd.

BSE: 530381 Sector: Engineering
NSE: PETRONENGG ISIN Code: INE742A01019
BSE 15:44 | 23 Feb 118.50 -1.35
(-1.13%)
OPEN

120.65

HIGH

121.60

LOW

118.00

NSE 15:46 | 23 Feb 119.90 1.50
(1.27%)
OPEN

120.80

HIGH

121.00

LOW

118.00

OPEN 120.65
PREVIOUS CLOSE 119.85
VOLUME 2392
52-Week high 217.15
52-Week low 112.00
P/E
Mkt Cap.(Rs cr) 89
Buy Price 118.50
Buy Qty 31.00
Sell Price 0.00
Sell Qty 0.00
OPEN 120.65
CLOSE 119.85
VOLUME 2392
52-Week high 217.15
52-Week low 112.00
P/E
Mkt Cap.(Rs cr) 89
Buy Price 118.50
Buy Qty 31.00
Sell Price 0.00
Sell Qty 0.00

Petron Engineering Construction Ltd. (PETRONENGG) - Company History

Incorporated in Jul.'76, Petron Engineering (Petron) was promoted by R S Ambekar, M K Nair and S Chukerbutty. Other companies promoted by them include Petron Civil Engineering. Petron Exports, Gujarat Rockwell, etc. Petron has five divisions Construction Division, Rockwool Division, Petron Mechanical Industries Division, Petrofab Division, Petrotech (EPC) Division. Through all this it provides services in structural, mechanical, civil, piping, electrical, instrumentation, painting, refractory and insulation work for chemical, petrochemical, fertiliser, cement and power plants and refineries. It also undertakes large shutdown and annual turnaround contracts for repair, revamp and reconditioning of large industrial projects on a time-bound basis. Apart from this the company is also into the Hospitality business through Petron Highway Inn Resort. In 1978, as a geographical diversification, it expanded operations to Bahrain, Iraq, the UAE, Jordan, Kuwait, Saudi Arabia, South Yemen and Reunion Islands. Some of the company's major Indian clients include ACC, TISCO, Grasim, Indian Oil Corp., RCE, Haldia Petrochemicals etc, and foreign clients such as Ando Construction, Japan; National Cement, Dubai; Toyo Engineering, Japan; etc.