Shree Cement has contracted Petron Engineering Construction Ltd for work on its Bewar plant in Rajasthan. The contract comprises civil construction work and reinforcement and M.S. steel work on a ball mill and is valued at Rs.117.5 million (excluding service tax).
Petron Engineering Construction is engaged in providing total solutions in engineering construction. The company recently announced standalone profit of Rs.100.40 million for the quarter ended 30 June 2015, a more than threefold increase. Revenues for the quarter rose 38.64% to Rs.1241.20 million.
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