Petron Bags Rs 100 Crore Deal in RIL Jamnagar Project

Petron Engineering Construction today said it has bagged a Rs 100 crore contract for mechanical works at Reliance Industries Jamnagar project.
     
"The Company has received 'Letter of Commitment' from Fine Tech Corporation Private Limited, the Agents of Reliance Industries Limited for Mechanical Works of LLDPE and other Allied Works in J-3 Project at Reliance Industries Limited, Jamnagar, Gujarat for a total Value of Rs 100 crore," the
company said in a filing to the BSE.
     
RIL's Jamnagar project, known as J3, is designed to increase production capacity of ethylene and other petroleum products at the complex.
     
Shares of the company closed at Rs 221.60 apiece on the BSE today, up 2.64 per cent from previous close.