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Petron Engineering Construction Ltd.

BSE: 530381 | NSE: PETRONENGG | Series: NA | ISIN: INE742A01019 | SECTOR: Engineering

BSE Live

Feb 18, 16:00
4.49 0.00 (0.00%)
Volume
No Data Available
5,336
  • Prev. Close

    4.49

  • Open Price

    4.56

  • Bid Price (Qty.)

    4.50 (200)

  • Offer Price (Qty.)

    0.00 (0)

Petron Engineering Construction is not traded on BSE in the last 30 days

NSE Live

Feb 18, 15:32
5.25 0.00 (0.00%)
Volume
No Data Available
86
  • Prev. Close

    5.25

  • Open Price

    5.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Petron Engineering Construction is not traded on NSE in the last 30 days
Company History - Petron Engineering Construction
YEAR                       EVENTS
 1976 - The Company was incorporated on 19th July, as a private
 limited
        Company.  It became a Public Company on 31/10/94.  It was
        promoted by R.S. Ambekar, M.K. Nair and S. Chuckerbutty, all
        technocrats.  The Company is engaged in providing services in
        structural, mechanical, civil, piping, electrical, 
        instrumentation, painting, refractory etc.
 
 1995 - The Petron Mechanical Division supplied overhead cranes to
        Hindalco, Renukoot, IPCL Baroda & G.K. Steel Coimbatore.
 
      - The Petrofab Division executed orders for fabrication of
 heater
        components for GAIL, Auriya and the supply of heater
 components
        for HPCL Mumbai through Thermax Ltd., Pune.
 
      - The EPC Division received enquiries for supply of loading
 arms
        for oil industry pollution control equipment for chemical
        industry, hotels etc.  For these, collaboration agreements
 were
        finalised with reputed foreign parties.
 
      - With a view to inducing high degree of mechanisation and to
        carry on work more efficiently, the company undertook to
 acquire
        in stages four second hand large capacity mobile cranes
 ranging
        from 150 tonnes to 300 tonnes and other specialised
 equipments
        like welding rectifiers, orbital welding machines, hydra
 cranes
        etc.
 
      - Also, with a view to overcome the errosion of raw materials
 in
        the workshop on its being in the chemical zone, it was
 proposed
        to relocate the workshop to Dhabhasa at Padra Road near
 Baroda.
 
      - During March, the company issued 5,00,000-14% secured
 redeemable
        Non-convertible debentures of Rs 100 each with detachable
        warrants 1 each with debenture to the public through a
 prospects.
        Totally 5,00,300 debentures were allotted.
 
      - The warrant entitles the holder to apply for one equity share
 of
        Rs 10 each at a price of Rs 20 between 12 and 24 months from
 the
        date of allotment as may be decided by the board.
 
      - The face value of Rs 100 of each debenture would be redeemed
 in 3 
        annual instalments of Rs 30, Rs 35 and Rs 35 at the end of
 5th,
        6th & 7th year from the date of allotment of debentures i.e.
 on
        9.5.2000, 2001 & 2002.
 
      - 48,34,500 Shares allotted to promoters, members, friends &
        relatives.  7,90,500 shares allotted to holding company.
        18,75,000 shars were issued at a premium of Rs 60 per share
 to
        the public through a prospectus during March 1995.  Totally   
   
        19,09,100 shares were allotted.
 
 2006
 
 - Petron Engineering Construction Ltd has informed that the Company
 has appointed Mr Madhukar Ambekar as Alternate Director to Mrs
 Rajashree Dokras at a meeting held on October 31, 2006.
 
 2007
 
 - Petron Engineering Construction Ltd has received Letter of Intent
 (LoI) from Madras Cements Ltd, Chennai for Erection & Commissioning
 of Electrical & Instrumentation Equipments for Line  2 Project for a
 total value of Rs 455 Lakhs.
 
 2008
 
 -Petron Engineering Construction Ltd has appointed Mr. Krishan Lal
 Swami as Additional Director on the Board, designated as Director
 (Finance) w.e.f. June 30, 2008.
 
 2009
 
 - Petron Engineering Construction Ltd has informed that Mr.
 Raghunathan Sankaran has been appointed as Additional Director
 (Non-Executive - Independent) on the Board, w.e.f. June 29, 2009.
 
 2010
 
 - Petron Engineering Construction Ltd has informed that Mr. Ravi
 Keswani has been appointed as Additional Director (Non-Executive) on
 the Board, w.e.f. March 20, 2010.
 
 - Petron Engineering Construction stated that it has bagged a project
 worth Rs 211 crore.
 
 2011
 
 -Petron Engineering have been awarded a contract by Lafarge India
 Pvt. Ltd., Mumbai for Mechanical Erection, Electrical and Automation
 Installation for its 5000 TPD Cement Plant Project at Chittaurgarh,
 Rajasthan, India, for an apprx. Contract Value of Rs. 66.50 Crores.
 
 -Petron Engineering have received Orders from Lanco lnfratech Ltd 
 worth Rs. 31.60 Crores
 
 2012
 
 -Petron Engineering Construction have received a Fax of Acceptance
 from GAIL (India) Limited, for Gas Cracking Unit at Pata for
 Petrochemical Complex - II Project for a total Order Value of Rs.
 192.34 Crores apprx.
 
 -Petron Engineering have received a Fax of Acceptance from GAIL
 (India) Limited, for Gas Processing Unit at Pata. UP.
 for
Petrochemical Complex - II Project for a total Order Value of Rs. 67.08 Crores apprx. -Mr. Ajay Hans has been appointed as the Managing Director of the Company 2013 - Petron Engineering receives LOI for contract worth Rs 126.56 cr from NCC Ltd - Petron Engineering gets Rs 55 cr contract from BPCL 2014 - Petron Engineering Construction bags contract worth Rs 213 cr 2015 -Certificate of Excellence 3.0 Million Safe Man Hours at The Ramco Cements Ltd. Vizag Project -Petron Engineeri - Award of Mechanical Works of LLDPE Plant and other allied works in J-3 Project at Reliance Industries Ltd. -Petron Engg gets mechanical work order at RIL, Jamnaga -Petron Engineering secures Rs 84.7 cr order for Piping works -Petron Engineering bags contract worth Rs 11.75 cr -Petron Engineering Construction bags order worth Rs 22.5 cr 2016 -Petron Engineering Construction bags Receipt of Letter of Intents (LOIs) from M/s. Shree Cement Ltd., for a total Contract Value of Rs. 50.00 Crores.