Petron Engineering receives LoI from Madras Cements, Madras

Petron Engineering Construction Ltd has announced that the Company has received Letter of Intent (LoI) from Madras Cements Ltd, Chennai for Erection & Commissioning of Electrical & Instrumentation Equipments for Line - 2 Project for a total value of Rs 455 Lakhs.

The stock was trading at Rs.157.05, up by Rs.4.60 or 3.02%. The stock hit an intraday high of Rs.159.85 and low of Rs.152.10. The total traded quantity was 6938 compared to 2 week average of 14514.

Source : Equity Bulls

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