Artson bags Rs 362.7mn order

Artson Engineering Limited, a Company engaged in Engineering, Procurement and Construction (EPC) contracts in the field of Oil, Gas and Hydrocarbon tankages, has bagged an order from HPCL – Mittal Energy Limited for manufacture and erection of 4 Crude Oil Storage Tanks for the Guru Gobind Singh Refinery Project at Bhatinda, Punjab for a value of Rs. 362.7 million. The order has to be executed within a period of 18 months.

Artson has been in the Oil, Gas and Hydrocarbon tankage business for more than two decades and has successfully commissioned, on turn-key basis, several fuel storage and handling facility systems, both in India and overseas.

Artson is a subsidiary of Tata Projects Limited, a Tata Group company. A scheme of rehabilitation of Artson, as sanctioned by the BIFR, is under implementation and pursuant to it Tata Projects Limited has been inducted as the strategic investor and co-promoter, holding 75% of the enlarged share capital.

Sourced From: Vaishnavi Corporate Communications Pvt Ltd