Petron Engineering receives Letter of Intent from Madras Cements

Petron Engineering Construction Ltd has announced that the Company has received Letter of Intent from Madras Cements Ltd for Mechanical Fabrication and Erection works for their 3800 TPD Cement Project at Ariyalur for a contract value of Rs 23.57 Crores.

The stock was trading at Rs.150, up by Rs.2.65 or 1.80%. The stock hit an intraday high of Rs.154.50 and low of Rs.149. The total traded quantity was 18292 compared to 2 week average of 21179.

Source : Equity Bulls

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