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Artson Engineering shines on getting LoA from Vedanta for Rs 24 crore

Artson Engineering is currently trading at Rs. 32.50, up by 0.95 points or 3.01% from its previous closing of Rs. 31.55 on the BSE.

The scrip opened at Rs. 32.50 and has touched a high and low of Rs. 32.50 and Rs. 32.50 respectively.

The BSE group ‘X’ stock of face value Rs. 1 has touched a 52 week high of Rs. 62.10 on 15-Nov-2018 and a 52 week low of Rs. 29.05 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 34.45 and Rs. 30.60 respectively. The current market cap of the company is Rs. 116.48 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.01% and 24.99% respectively.

Artson Engineering has received a Letter of Award (LoA) from Vedanta for Rs 24 crore. The order is for construction of Crude Oil Storage Tanks. The order is to be executed within 12 months.

Artson Engineering is engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in refineries, which led the company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems.

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