Petron Engineering had yesterday, after market hours, announced that it has received a Letter of Intent (LoI) from JSW Cement for Civil and Structural Work of its grinding unit.  This is for a total contract price of Rs. 75 crore.

Last month, it had received another LoI from Ramco Cements for Civil and Mechanical works for Capacity up gradation; this was worth Rs.22 crore.

The stock price is up in the green, rise of over 8% at Rs.240. Volumes are up 2.5 times. Its 52-week high stands at Rs.313.80.