Petron Engineering receives contract from Nigerian company for Rs.30 crores

Petron Engineering Construction Ltd has announced that the Company had entered into a contract on November 15, 2003 with Dangote Industries Ltd, Nigeria for Erection of Two lines of 5000 Tons Per Day Grass Root Cement Plant consisting of Mechanical, Structural, Electrical and Instrumentation work for Obajana Cement PLC at Obajana, Kogi, Nigeria under Contract No. Ex-37.

Further the Company has informed that, Obajana Cement PLC at Obajana, Kogi, Nigeria has extended the present contract for Dismantling of Structures and Equipment and Fabrication and Erection of Structural / Plate and Equipment for the total value of apprx. Rs 30,00,00,000/-.

Source : Equity Bulls

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