Petron Engineering up 10% on order from Madras Cements

Shares of Petron Engineering Construction rallied 10 percent to Rs 143.75 amid heavy volumes on the Bombay Stock Exchange on Tuesday as the company has received order worth Rs 41.5 crore from Madras Cements.

The order is for mechanical, electrical & instrumentation fabrication and erection works for the proposed cement grinding unit at Anakapalli Visakhapatnam.

Trading volumes increased quite significantly to 1,51,762 equity shares as compared to its five day average of 827 shares.

Market capitalisation of the company currently stands at Rs 108.36 crore.

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