Petron Engineering Construction, engaged in providing total solutions in engineering construction, surged on Tuesday after the company received Letter of Award (LoA) worth of Rs 547 million plus Service Tax.

The company received LoA form UltraTech Cement (unit: Nagpur Cement Works) for civil contract at Nagpur Cement Works, Village Tarsa, Tehsil - Mauda, Dist. Nagpur, Maharashtra.

Shares of the company are trading at Rs 111.85, up Rs 4.5, or 4.19% at the Bombay Stock Exchange (BSE) on Tuesday at 11:33 a.m.

The scrip has touched an intra-day high of Rs 114.25 and low of Rs 111.10. The total volume of shares traded at the BSE is 2,185.

In the earlier session, the shares climbed 2.34%, or Rs 2.45, at Rs 107.35. Currently, the stock is trading down 5.21% from its 52-week high of Rs 118 and above 237.41% over the 52-week low of Rs 33.15.