Petron Engineering receives LOI from Vedanta Alumina

Petron Engineering Construction Ltd has announced that the Company has received a Letter of Intent (LOI) from VEDANTA ALUMINA LTD for design, engineering, manufacturing, erection, commissioning etc. of 11 Nos. Single Girder & 2 Nos. Double Girder EOT Cranes for various shops in their New Aluminum Smelter at Jharsuguda, Orissa for a contact value of Rs 317.37 Lakhs.

The stock closed at Rs.140.45, up by Re.0.25 (+0.18%) in BSE during the day's trading. The total traded quantity was 21113 equity shares at a weighted average price of Rs.140.22.

Source : Equity Bulls

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