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Artson Engineering Ltd.

BSE: 522134 | NSE: ARTSONENGG | Series: NA | ISIN: INE133D01023 | SECTOR: Engineering

BSE Live

May 29, 15:40
23.50 0.30 (1.29%)
Volume
AVERAGE VOLUME
5-Day
3,948
10-Day
4,291
30-Day
5,144
3,924
  • Prev. Close

    23.20

  • Open Price

    23.90

  • Bid Price (Qty.)

    23.00 (50)

  • Offer Price (Qty.)

    23.85 (500)

NSE Live

Dec 27, 11:22
3.25 -1.70 (-34.34%)
Volume
No Data Available
1,125
  • Prev. Close

    4.95

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Artson Engineering is not listed on NSE
Company History - Artson Engineering
YEAR                       EVENTS
 1978 - The Company was incorporated on 18th September, as a private
        limited company and was converted into a public limited
 company
        on 22nd September 1986.
 
      - It was promoted by N.K. Jagasia, K.B. Kakatkar and P.S.
 Chopde.
        The Company offers multi-disciplinary design and construction
        services in mechanical, civil, electrical and instrumentation
        field.  It also offer turnkey services in petroleum storage
 and
        handling systems, plant utilities diesel powerhouse, energy
        conservation, waste heat recovery systems etc.
 
      - The Company's objects is Business of work contracts in a
 number
        of descriptions viz. mechanical, electrical civil etc. and 
        manufacturer of finned tubes and heat exchangers.
 
      - The company's EPC division offers LPG bottling plants on a 
        turnkey basis.  It also fabricates LPG storage spherical
 Tanks.  
        To achieve synergy in operations, the company embarked on a 
        backward integration programme to manufacture LPG cylinder 
        filling, testing & ancillary equipments.
 
 1993 - 18,00,000 No. of equity shares of Rs.10 each issued and
 allotted
        to promoters.  Of these, 10,000 shares and 1,31,796 shares
 were
        offered on bonus shares in 1985 and 1990 respectively. 
 During
        1992, the company issued through a prospectus 18,00,000 No.
 of
        equity shares of Rs.10 each at par of which 90,000 shares
 were
        issued to employees on preferential basis (only 60,100 shares
        taken up).  Balance 17,10,000 shares along with 29,900 shares
        not taken up by employees were issued to the public. 
 Additional
        2,70,000 shares were issued to retain oversubscription.
 
 1994 - The LPG cylinder filling, testing and other ancillary
 equipments
        manufacturing facilities were set up.
 
      - The Company signed a MOU with M/s. CBI constructors Ltd.
 (CBI)
        UK to jointly undertake major projects in India.  The tie up
        envisages joint approach on exclusive basis to large projects
 in
        India and enhance the company's prospects in India and
 abroad.
        
      - The Company also entered into an agreement with M/s. Baker
 Tank
        Co., USA for representing its products and services related
 to
        Aluminium Geodesic domes, internal floating roof etc. 
 Another
        agreement was entered into with M/s. Verwater(Netherlands)
 for
        projects involving relocation and repairs of tanks including
        foundation work.
 
      - During May, the company issued 2,15,000 shares and 2,15,000
        shares 1,85,000 at a prem. of Rs.55 per share on private
        placement basis to MirgaMorgan Stanley Fund and Indian Mutual
        Fund respectively and Advantage Advisor Inc. India fund Inc. 
        respectively.  During September-October, 44,85,000 Rights
        shares were (prem. Rs.15; prop. 1:1), 2,60,000 No. of equity
        shares issued to employees on private placement basis during
        November.
 
 1995 - The Manufacturing division entered the wind energy sector by 
        manufacturing wind mill towers for Enercon (India) Ltd.
 
 2002 -Artson Engineering Ltd has informed that the following change
 has been made in composition of the Board of Directors of the
 Company:
 
 1. Mr P S Chopde has resigned as Executive Chairman of the Company.
 He continues as Director on the Board of Directors of the Company. 2.
 Mr C V Kadvekar has resigned as Managing Director of the Company. He
 has been unanimously appointed as Wholetime Director for a term of
 five years w e f March 01, 2002. 3. Mr N K Jagasia has been
 unanimously appointed as Chairman and M D of the Company for a term
 of five years w e f March 01, 2002.
 
 2009
 
 -Artson Engineering has received an Order from HPCL - Mittal Energy
 Ltd for construction of Intermediate and Product Storage Tanks work
 for Guru Gobind Singh Refinery Project at Bhatinda, Punjab. The
 estimated contact value of the order is Rs 191.70 Crore.
 
 2010
 
 -The Company has received an Order from Overseas AST Co. LLC, Dubai
 for construction of fuel storage facilities at 3 (three) locations on
 the outskirts of Abu Dhabi at (a) Al Hamra Military Airport (b) Safran
 Air Base and (c) Al Dhafra Air Base of UAE Armed Forces.
 
 -Artson Engineering has received an Order from Cairn Energy India PTY
 Ltd. (CAIRN) worth Rs. 25 Crore
 
 -Artson Engineering has received an Order from Petrofac International
 Limited, Sharjah, UAE
 
 2011
 
 -Registered Office of the Company has been shifted From Rang Udyan,
 Building No. 1, 2nd Floor, Sitladevi Temple Road, Mahim (West),
 Mumbai - 400 001 To Rang Udyan, Building No. 2, 1st Floor, Sitladevi
 Temple Road, Mahim (West), Mumbai - 400 016.
 
 -Artson Engineering was awarded a contract Cairn Energy India Pty
 Limited worth Rs. 32 Crore.
 
 -Artson Engineering has received an EPC contract awarded, by
 Nagarjuna Oil Corporation Ltd.
 
 -Artson Engineering has received a Work Order from Tata Steel Growth
 Shop, a division of Tata Steel Limited worth Rs. 20.65 Crore
 
 2012
 
 -Artson Engineering Receives Work Order of Rs. 19.90 Crore
 
 -Artson Engineering's Nashik Manufacturing Unit has received an Order
 from Tata Projects Limited worth Rs. 12.47 Crore.
 
 -The Company has received a contract entailing Engineering,
 Procurement and Construction of 21 (Twenty One) tanks, Piping,
 Equipment erection and Painting for Liquid Tank Terminal
 establishment at Haldia. The estimated contract price is Rs. 23.81
 Crore.
 
 -Artson Engineering has received a Letter of Intent for a project
 entailing Piping Shop Fabrication Works to be executed in United Arab
 Emirates (UAE). The estimated contract price is Rs. 9.12 Crore.
 
 2013
 
 -Artson Engineering Ltd commenced commercial activities at the
 manufacturing facility at Umred.
    
 - Artson Engineering Ltd received a Letter of Intent (LoI) for
 fabrication, assembly, shop testing, inspection, painting, supply and
 transportation of various building structures estimated contract price
 is Rs. 56.37 Crore.
 
 - Artson Engineering Ltd received has received a Work Order from Tata
 Steel Growth Shop, a division of Tata Steel Limited. The Company's
 scope of works includes structural fabrication works at Gamharia
 (near Jamshedpur) and the estimated work order value is 42.06 Crore.
 
 -Artson Engineering Ltd Nashik Manufacturing Unit has received an
 Order entailing design, engineering, manufacturing, supply, testing
 and commissioning of Buffer Vessels for a project at Kalinganagar,
 Odisha. The estimated contract price is Rs. 20.26 Crore.
 
 -The Registered Office of the Company has been shifted from Rang
 Udyan, Building No. 2, 1st Floor, Sitladevi Temple Road, Mahim
 (West), Mumbai - 400016 to 11th Floor, Hiranandani Knowledge Park,
 Technology Street, Powai, Mumbai - 400076.
 
 2014
 
 -Artson Engineering Ltd received a Letter of Award (LOA) from Cairn
 India Limited.
 
 -Artson Engineering Ltd received a Letter of Intent (LoI) for
 Fabrication and Painting of chemical storage tanks at Sharjah, UAE.
 estimated contract price is AED 6.2 Million (approx. Rs. 10.70
 Crore).
 
 2016
 
 -Company has received a Letter of Award from Mumbai Aviation Fuel
 Farm Facility Pvt. Ltd., (MAFFFPL) at a total price of INR 24.43
 Crores for Design, Fabrication, Erection and Testing of 5 Nos. Fixed
 Cone Roof Storage Tanks.
 
 -Artson Engineering bags Rs 108 cr contract from Odisha.