Petron Engineering bags Rs211 crore deal with Nagarjuna Oil
12 Jul 2010
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Petron Engineering Construction Ltd, a Mumbai-based engineering and construction solutions provider for power plants and refineries, today informed its investors that the company has received letter of intent (LoI) from Nagarjuna Oil Corp Ltd for an order worth Rs211 crore.
The order is for complete construction work related to the fluid catalytic cracking unit at Nagarjuna Oil's Cuddalore refinery, the company said in a statement submitted to the Bombay Stock Exchange today.
Recently the company bagged a contract worth Rs146 crore from Sepco Electric Power Construction Corp, China.
The company operates through its five divisions of construction, Pertron Mechanical Industries, Petrofab, Petrotech, and Rockwool Insulation.
