Artson Engineering bags order worth Rs 22.88 crores

by khalid on 14/04/2010 · 0 comments

Artson Engineering Ltd, a listed company that was taken over by Tata Projects in January 2008, is firmly on the turnaround path. The company has informed the market(BSE) that they received order from Overseas AST Co. Dubai. The order is for construction of fuel storage facilities at 3 locations on the outskirts of Abu Dhabi at Al Hamra Military Airport, Safran Air Base and Al Dhafra Air Base of UAE Armed Forces. Total number of fuel storage tanks to be constructed are 12. The contract has to be completed in 6 months and the cost of the order is Rs 22.88 Crores ($5.2 million).

Share’s Data :-
BSE Code : 522134
Mkt. Cap: Rs 198 Crores
P/E: -12.51
EPS: -4.64 in Mar 2009
Face Value : Rs 1
52 Week H/L : Rs 76.70 / 17.95
Artson Engineering Ltd. share’s CMP is Rs 53.80 on 13th Apr 2010.

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