Petron Engineering Construction, engaged in providing total solutions in engineering construction, witnessed a sharp rise in share price on Friday after the company has received Letter of Intent (LoI) from NCC and from Shree Cement.

The company received NCC order for additional services of erection, testing & assistance for commissioning, trial operation and handing over of critical piping as per technical specification for 2 x 600 MW NCC Power Plant at Nellore.

Shares of the company are trading at Rs 163.95, up Rs 14.9, or 10% at the Bombay Stock Exchange (BSE) on Friday at 2:49 p.m. The scrip has touched an intra-day high of Rs 163.95 and low of Rs 159.00. The total volume of shares traded at the BSE is 1,376.