Petron Engineering bags Rs 196 crore contract from JBF Petrochemicals

Petron Engineering Construction Ltd has informed BSE that it has received Rs 196 crore contract from JBF Petrochemicals Limited for composite works comprising civil, structural, underground piping, buildings, mechanical piping, insulation, painting, electrical & instrumentation works for its JBF PTA OSBL project at Mangalore, Karnataka.
 
JBF is setting up a purified terephthalic acid (PTA) plant in Mangalore SEZ and will have 1.25 million metric tonne per annum capacity, which its claims to be amongst the largest in India. The company is aiming to commission the project by mid of 2015.