Petron Engineering Construction has received work order from Guruashish Construction, HDIL Towers, Bandra (East), Mumbai, for building structure works at Goregaon (West), Mumbai for a total value of approximately Rs 1.10 billion.

Last month, the company had received Letter of Intent (LoI) from Shree Cement, Beawar, Rajasthan for civil work at their cement plant at Gulbarga, Karnataka for a total contract value of approximately Rs 210 million.

Petron Engineering Construction is a construction and engineering company. It has a valuable and rich experience in the fields of refinery (reformers and crackers), power and cement plants, petrochemical and fertilizer plants; insulation and refractory, fabrication works along with electrical and instrumentation works.

Shares of the company gained Rs 21.7, or 14.76%, to trade at Rs 168.70. The total volume of shares traded was 72,330 at the BSE (9.59 a.m., Thursday).