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Corporate Announcements

  • Intimation for appointment of Mr. Devendra Kumar as Chief Executive Officer of the Company. October 06, 2017

    The Board of Directors of the Company has appointed Mr. Devendra Kumar as Chief Executive Officer w.e.f. October 6, 2017. Mr. Devendra Kumar will not serve as Director on the Board of the Company.

    Brief Profile:
    Mr. Devendra Kumar is an Engineer having a wide experience of undertaking EPC (Engineering Procurement and Construction) / LSTK (Lump Sum Turn Key) jobs. He has extensive experience of EPC/Construction industry and working within KSS Group.

    He is also having experience of more than 26 years in setting up various Projects, Estimation, Tendering, Quality Control/Inspection of Petrochemical and Refinery Projects, Storage Tank, Spheres, Double Wall LNG/Ethylene Tanks, Process Piping, Pipelines and Turnkey Project in Oil & Gas/ Petrochemical field. He has worked with Companies like - Punj Lloyd, Reliance, KTI, Isgec, ABS Group Inc. Dubai

  • Ms. Nandita Vijay Gupta September 28, 2017

    Ms. Nandita Vijay Gupta, Non-Executive (Independent) Director has resigned as Director and Committee Member of Petron Engineering Construction Limited w.e.f. 25th September, 2017. The same was taken on record at the Board Meeting held on 28th September, 2017.

  • Mr. Ajay Hans September 28, 2017

    Mr. Ajay Hans has resigned from the position of Managing Director w.e.f. the closing hours of September 28, 2017. However, he will continue as a Non-Executive Director of the Company. The same was taken on record at the Board Meeting held on 28th September, 2017.

  • Receipt of Purchase Order from M/s. JSW Steel Limited… September 26, 2017

    We are pleased to inform that the Company has received Purchase Order from M/s. JSW Steel Limited, for Supply, Fabrication, Erection & Alignment of Prefabricated Steel Structure for Blast Furnace#2 and Raw material handling system (RMHS) Conveyor Gallery & Junction House at Dolvi, Dist. Raigad, Maharashtra, India for an approx. value of Rs. 280 Crores (Including GST).

  • Notice of Board Meeting Dated OF BOARD MEETING DATED September 22, 2017

    Notice is hereby given pursuant to Regulation 29 read with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the meeting of the Board of Directors of the Company is scheduled to be held on Thursday, September 28, 2017 at the Registered office of the Company, to consider and approve, inter alia, Unaudited Financial Results for the quarter ended June 30, 2017.

  • Notice of Book Closure September 7, 2017

    Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Register of Members and Share Transfer Books of the Company will remain closed from Friday, September 22, 2017 to Thursday, September 28, 2017 (both days inclusive) for the purpose of the 41st Annual General Meeting (AGM) of the Company to be held on Thursday, September 28, 2017.

  • Newspaper Advertisement of the Notice of 41st Annual General Meeting, Book Closure & Remote E-voting September 7, 2017

    Please click here to view

  • Notice of 41st Annual General Meeting September 28, 2017

    Please click here to view

  • Receipt of letter of intent (LOI) from M/s. JSW Cement Limited for Civil & Structural works for a total Contract Value of apprx. Rs. 60 Crores August 21, 2017

    We are pleased to inform that the Company has received Letter of Intent from M/s. JSW Cement Limited, for Civil & Structural works for 1.2 MTPA Cement grinding plant at Jajpur, Orissa for an approx. value of Rs. 60 Crores.

  • Receipt of Work Order from The Ramco Cements Ltd., for Civil and Mechanical works for a total Contract Value of apprx. Rs. 62 Crores August 10, 2017

    We are pleased to inform that the Company has received work order for Civil and Mechanical works from The Ramco Cements Limited, Chennai for Line-II project at Kolghat Grinding Unit, West Bengal for an approx. value of Rs. 62 Crores.

  • NOTICE OF BOARD MEETING July 14, 2017

    Notice is hereby given pursuant to Regulation 29 read with Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that the meeting of the Board of Directors of the Company is scheduled to be held on Monday, July 24, 2017 at the Registered office of the Company, to consider and approve, inter alia, audited Financial Results for the quarter and year ended March 31, 2017.

  • Receipt of work order from M/s. Reliance Industries Limited for Mechanical, Electrical and Instrumentation works at SEZ area- Jamnagar May 29, 2017

    The Company has received work order for Mechanical, Electrical and Instrumentation works from M/s. Reliance Industries Limited, Jamnagar for SEZ area for an approx. value of Rs. 25 Crores.

  • Retirement of Mr. Naresh Shah on Superannuation May 12, 2017

    Mr. Naresh Shah retired from the position of Company Secretary and Compliance Officer w.e.f. closing hours on May 12, 2017 and the same was taken on record at the Board Meeting held on May 12, 2017.

  • Appointment of Mrs. Rashmi Patkar as a Company Secretary and Compliance Officer May 12, 2017

    Mrs. Rashmi Patkar has been appointed as a Company Secretary and Compliance Officer of the Company w.e.f. closing hours of May 12, 2017 and the same was taken on record at the Board Meeting held on May 12, 2017.

    Brief Profile: Mrs. Rashmi Patkar is a fellow member of the Institute of Company Secretaries of India (M. No. F8746) having total experience of approx. 7 years in professional firms and manufacturing / construction industry.

  • Change in the authority for the purpose of determining the materiality of any event or transaction May 12, 2017

    In terms of Regulation 30(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Ajay Hans, Managing Director, Mr. Himanshu Mohapatra, CFO of the Company shall be the authority to determine Materiality of any event or information and ensure disclosures of the same are made to stock exchange(s).
    Contact Details of Authorised Personnel:

    Mr. Ajay Hans (Managing Director)
    Petron Engineering Cont. Ltd.
    6th Floor, Swastik Chambers,
    Sion-Trombay Road, Chembur,
    Mumbai – 400071
    Phone: 022 4085 6200
    Email ID: ajay.hans@petronengineering.com
    Mr. Himanshu Mohapatra (CFO)
    Petron Engineering Cont. Ltd.
    6th Floor, Swastik Chambers,
    Sion-Trombay Road, Chembur,
    Mumbai – 400071
    Phone: 022 4085 6200
    Email ID: himanshu.mohapatra@petronengineering.com
  • Receipt of Work Order from M/s. Guruashish Construction Pvt. Ltd., for Building Structure Works at Goregaon (West), Mumbai for a total Contract Value of apprx. Rs. 110 Crores April 26, 2017

    Petron Engineering Construction Ltd., has received Work Order from M/s. Guruashish Construction Pvt. Ltd., HDIL Towers, Bandra(East), Mumbai, for Building Structure Works at Goregaon (West), Mumbai, for a Total Value of approx. Rs. 110 Crores.

  • Resignation of Mr. Sudhir Kumar Jain 14th February, 2017

    Mr. Sudhir Kumar Jain, Non-Executive (Independent) Director has resigned from the Board of Petron Engineering Construction Limited w.e.f. 10th February, 2017 for personal reasons and the same was taken on record at the Board Meeting held on 14th February, 2017.

  • Receipt of Letter of Intent (LOI) from M/s. Shree Cement Ltd., for Contract Value of Rs. 21 Crores. (apprx.) 22nd March, 2017

    Petron Engineering Construction Ltd., has received letter of Intent from M/s. Shree Cement Ltd., Beawar, Rajasthan for Civil Work of Plant Building & Silos i.e. Stacker and Reclaimer, Crusher, VRM Part – II with Misc. work and additional work of Clinker Tank at Gulbarga, Karnataka Cement Project, for Contract Value of Rs. 21.00 Crores (apprx.).

  • NOTICE OF BOARD MEETING 14th December, 2016

    NOTICE is hereby given pursuant to Reg. 29 read with Reg. 47 of SEBI (Listing Obligation and Disclosure Requirements), 2015, that a meeting of the Board of Directors of the Company will be held on Tuesday, the 14th February, 2017 at the Registered Office of the Company, to, interalia, to consider and take on record the Unaudited Financial Results for the Quarter and Nine Months Ended 31st December, 2016.

  • Receipt of Letter of Intent (LOI) from M/s. Shree Cement Ltd., for Contract Value of Rs. 33 Crores. (apprx.) 4th January, 2017

    Petron Engineering Construction Ltd., has received letter of Intent from M/s. Shree Cement Ltd., for Civil Work of Plant Building & Silos and Misc. work at their Orissa Grinding Project at Village : Chandrabali, Shyampur Distt., Cuttack, Orissa for Contract Value of Rs. 33.00 Crores (apprx.).

  • NOTICE OF BOARD MEETING 7th November, 2016

    NOTICE is hereby given pursuant to Reg. 29 read with Reg. 47 of SEBI (Listing Obligation and Disclosure Requirements), 2015, that a meeting of the Board of Directors of the Company will be held on Monday, the 14th November, 2016 at the Registered Office of the Company, to, interalia, to consider and take on record the Unaudited Financial Results for the Quarter and Half Year Ended 30th September, 2016.

  • Receipt of Letter of Intents (LOIs) from M/s. Shree Cement Ltd., for a total Contract Value of Rs. 50.00 Crores. (apprx.) 16th September, 2016

    Petron Engineering Construction Ltd., has received letter of Intents from M/s. Shree Cement Ltd., for Civil Work at their Cement Plants at Aurangabad, Bihar and at Gulbarga, Karnataka for a total Contract Value of Rs.50.00 Crores (apprx.)

    The Scope of work is as under :
    • Civil work, Reinforcement & MS Steel work for Plant Building & Silo and Misc. work at Aurangabad, Bihar.
    • Plant Building & Silos i.e. Stacker and Reclaimer, Crusher, VRM – II and Misc. work at Gulbarga, Karnataka.

  • NOTICE OF 40th ANNUAL GENERAL MEETING 31st August, 2016
    NOTICE is hereby given that the FORTIETH ANNUAL GENERAL MEETING (AGM) of the members of Petron Engineering Construction Limited will be held on Friday, the 23RD September, 2016 at 4.00 p.m. at The Bombay Presidency Golf Club Ltd., Dr. Choithram Gidwani Road, Chembur, Mumbai 400 074.

    NOTICE dated 31st May, 2016 convening the 40th AGM alongwith Annual Report as at 31st March, 2016 has been sent individually by courier/registered post/email, which is also available on the Company’s website www.petronengineering.com.

    Notice is also hereby given pursuant to Section 91 of the Companies Act, 2013 and Rule 10 of the Companies (Management and Administration) Rules 2014 that the Register of Members and the Share Transfer Books of the Company will remain closed from Friday, September 16, 2016 to Friday, September 23, 2016 (both days inclusive).

    In terms of section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 as amended, the Company is pleased to provide members the facility to exercise their right to vote at the 40th AGM by electronic means and the business may be transacted through e-voting services provided by CDSL.

    The details regarding e-voting facility is as under :
      1. The e-voting period commence on September 20, 2016 (9.30 am IST) and ends on September 22, 2016 (5.00 pm IST).
      1. During this period Members of the Company holding shares either in physical form or in dematerialized form, as on the cut-off date of September 16, 2016 may cast their vote electronically.
      1. The voting rights of Members shall be in proportion of their shares in the paid up equity share capital of the company as on cut-off date of September 16, 2016.
      1. The procedure for e-voting is mentioned in the email sent by CDSL and also in the Notes of the Notice dated May 31, 2016 convening the 40th AGM in the Annual Report for the FY 2015-16.
      1. Any person who acquires shares of the Company and becomes member of the Company after dispatch of Notice of 40th AGM and continues to hold shares as on cut-off date i.e. September 16, 2016 may obtain User ID and password by sending a request at helpdesk.evoting@cdslindia.com.

    By Order of the Board,
    For Petron Engineering Construction Ltd.,
    Sd/-
    NARESH SHAH
    SR. VICE PRESIDENT
    (LEGAL) & COMPANY SECRETARY
    Place: Mumbai

  • NOTICE OF BOARD MEETING 29th July, 2016

    NOTICE is hereby given pursuant to Reg. 29 read with Reg. 47 of SEBI (Listing Obligation and Disclosure Requirements), 2015, that a meeting of the Board of Directors of the Company will be held on Wednesday, the 10th August, 2016 at the Registered Office of the Company, to, interalia, to consider and take on record the Unaudited Financial Results for the quarter ended 30th June, 2016.

  • GENERAL NOTICE 16th June, 2016

    Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, Mr. Ajay Hans, Managing Director / Mr. Naresh Shah, Sr. Vice President (Legal) & Company Secretary be and are hereby authorised to inform such events specified in Para-A and Para-B of Part A of Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 and also make disclosure on the Company’s Website.

  • GENERAL NOTICE 1st June, 2016

    Members of the Company are hereby informed that effective 1st July, 2016, the Company has appointed Link Intime India Private Limited, having its Registered Office at C-13 Pannalal Silk Mills Compound, L B S Marg, Bhandup West, Mumbai 400078 as the Registrars and Share Transfer Agent in place of Sharepro Services (India) Pvt. Ltd. All correspondence and request including those relating to transfer of shares, change of address, issue of duplicate shares, dematerialization, etc may henceforth be sent to Link Intime India Pvt. Ltd. at the address mentioned above.

  • NOTICE OF BOARD MEETING 31st March, 2016

    NOTICE is hereby given pursuant to Reg. 29 read with Reg. 47 of SEBI (Listing Obligation and Disclosure Requirements), 2015, that a meeting of the Board of Directors of the Company will be held on Monday, the 30th May, 2016 at the Registered Office of the Company, to, interalia, consider and take on record the Audited Financial Results for the quarter and year ended 31st March, 2016.

  • NOTICE OF BOARD MEETING 3rd February, 2016

    NOTICE is hereby given pursuant to Regulation 47(1)(a) of SEBI (Listing Obligation and Disclosure Requirements), 2015, that a meeting of the Board of Directors of the Company will be held on Friday, the 12th February, 2016 at the Registered Office of the Company, to, interalia, consider and take on record the Unaudited Financial Results for the quarter and nine months ended 31st December, 2015.

  • Petron Engineering Construction Ltd. has received work order from Shree Cement Ltd, Bewar, Rajasthan & M. S. Steel for a total contract value of Rs. 117.5 million (excluding Service Tax) 25th August, 2015

    Petron Engineering Construction Ltd has received work order from Shree Cement Ltd, Bewar, Rajasthan for Civil construction work and Reinforcement & M. S. Steel work of Ball Mill Structure for a Total Contract Value of Rs. 117.5 Millions (Excluding Service Tax).

  • Receipt of Order from KSS Petron Pvt. Ltd. for Integrated Refinery Expansion Project (IREP). Bharat Petroleum Corporation Limited, Kochi Refinery – Kochi for a total Contract Value of Rs. 85.00 crore 31st March, 2015

    Petron Engineering Construction Ltd has received an Order from KSS Petron Pvt. Ltd. for Civil, Structural & Underground Piping works for Integrated Refinery Expansion Project (IREP) of M/s. Bharat Petroleum Corporation Limited, Ernakulam, Kochi for a total Contract Value of Rs. 85.00 crore.

  • Award of Mechanical Works of LLDPE Plant and other allied works in J-3 Project at Reliance Industries Ltd., Jamnagar for a total Value of Rs. 100.00 crore 14th February, 2015

    Fine Tech Corporation Private Limited, the agents of Reliance Industries Limited awarded PECL contract for Mechanical Works of LLDPE and other allied works in J-3 project at Reliance Industries Limited, Jamnagar, Gujarat for a total value of Rs. 100 crore.

  • Receipt of Letter of Intent (LOI) from NCC Ltd. for a total contract value of Rs. 126.50 crore (excluding service tax) 1st December, 2014

    NCC Limited, Madhapur, Hyderabad awarded PECL contract for Services of "Erection, Testing, Commissioning, Performance and Guarantee Testing for Boiler and Auxiliaries Package" for NCC Power Project (2 x 660 MW) for a total contract value of Rs. 126.50 crore (excluding the service tax).

  • Receipt of Letter of Award for a total value of Rs. 54.70 crore 6th March, 2014

    Company has received Letter of Award for Civil Contract at Nagpur Cement Works, Village Tarsa, Tehsil - Mauda, Dist. Nagpur, Maharashtra from UltraTech Cement Limited (Unit: Nagpur Cement Works) for a total contract value of Rs. 54.70 crore (Rupees Fifty-Four crore Seventy Lacs Only) plus Service Tax.

  • Receipt of Contract Value of approx. Rs. 213 crore 26th February, 2014

    Company has received Fax of Acceptance dated February 26, 2014 from Bharat Petroleum Corporation Limited, Ernakulam, Kerala for Composite Mechanical Works of Process Units - FCCU for Integrated Refinery Expansion Project (IREP) for BPCL Kochi Refinery for a contract value of approx. Rs. 213 crore

  • Receipt of Letter of Intent from JBF Petrochemicals Limited, for its JBF PTA OSBL Project at Mangalore for an approx. contract value of Rs. 196 crore 20th February, 2014

    Company has received Letter of Intent dated February 19, 2014 from JBF Petrochemicals Limited, Mangalore for Composite works comprising Civil, Structural, Underground Piping, Buildings, Mechanical Piping, Insulation, Painting, Electrical & Instrumentation works for its JBF PTA OSBL Project at Mangalore for an approx. Contract Value of Rs. 196.00 crore (Rupees One Hundred Ninety-six crore Only), plus Service Tax.

  • Receipt of Contract awarded by VISA Power Limited, Kolkata, for a total contract value of Rs. 99.76 crore
    3rd February, 2014

    Company have been awarded a contract by VISA Power Limited, Kolkata, for execution of civil job at VISA Raigarh Thermal Power Plant, Chhattisgarh for Supply of Cement, Structural Steel & Reinforcement Steel for 1x600 MW + 1x660 MW, for a contract value of Rs. 99.76 crore, excluding taxes and duties.

  • Receipt of Advice of Contract awarded by Bharat Petroleum Corporation Limited, Ernakulam, Kerala for a contract value of Rs. 24.37 crore 4th December, 2013

    Company have received an Advice of Contract awarded by Bharat Petroleum Corporation Limited, Ernakulam, Kerala for Heater Package of FCCU for Integrated Refinery Expansion Project of its Kochi Refinery for a contract value of Rs. 24.37 crore plus

  • Receipt of Advice of Contract from Bharat Petroleum Corporation Limited, Ernakulam, Kerala for its Kochi Integrated Refinery Expansion Project for an approx. contract value of Rs. 55 crore 21st August, 2013

    Bharat Petroleum Corporation Limited, Ernakulam, Kerala awarded PECL Heater Package for VGO-HDT Unit for Integrated Refinery Expansion Project of its Kochi Refinery project for an approx. contract value of Rs. 55 crore

  • Receipt of Notification of Award of contract from NTPC Limited, Noida (UP) and Letter of Intent from Essar Oil (UK) Limited, UK 16th July, 2013

    NTPC Limited, Noida (UP) awarded PECL supply (ex-works) of Electrical Equipment, Supply & Erection Package and also for Inland transportation, Insurance, Installation, testing, commissioning of ‘Electrical Equipment Supply & Erection Package’ for Kudgi STPP, Stage – 1(3 x 800 MW) PECL received Letter of Intent from Essar Oil (UK) Limited, UK for Design, Engineering, Manufacturing including Fabrication, Painting, Inspection, Testing, Packing and supply of Platformer – 3 New Convection Bank (F-9601 & E-9602) alongwith the associated ducting and supporting arrangement in two Parts, Part A and Part B.

    The total Contract Value of the above Orders is Rs. 135.05 crore.

  • Receipt of Notification of Award of Contract Value of Rs. 32.29 crore 28th June,2013

    NTPC Limited, Noida (UP), awarded PECL supply and erection Contract for Inland transportation, Insurance, Installation, testing, commissioning and conducting Guarantee tests under Electrical equipment supply & erection Package for Vindhyachal Super Thermal Power Project, Stage V (1x500MW) for total Contract Value of Rs. 32.29 crore.

  • Receipt of order from Madras Cements Limited for a value of Rs. 41.50 crore 31st December, 2012

    Madras Cements Ltd. awarded PECL a job for Mechanical, Electrical & Instrumentation, Fabrication and Erection works for the proposed cement Grinding Unit at Anakapalli Visakhapatnam for a total value of Rs. 41.50 crore.

  • Receipt of Fax of Acceptance from GAIL (India) Limited for total order value of Rs. 67.08 crore approx.
    24th April, 2012

    GAIL (India) Limited, (A Government of India Undertaking - A Navratna Company) for Gas Processing Unit at Pata UP for Petrochemical Complex - II Project for a total Order Value of Rs. 67.08 crore approx.

  • Receipt of Fax of Acceptance from GAIL (India) Limited for Gas Cracking Unit at Pata, for a total order value of Rs. 192.34 crore approx. 5th March, 2012

    GAIL (India) Limited, (A Government of India Undertaking - A Navratna Company) for Gas Cracking Unit at Pata for Petrochemical Complex - II Project for a total Order Value of Rs. 192.34 crore approx.

  • Receipt of Orders from Lanco Infratech Limited for a value of Rs. 31.60 crore 14th December, 2011

    Lanco lnfratech Ltd. awarded PECL supply of electrical equipment and erection, testing & commissioning of Electrical Erection Package for their 2 x 600 MW Thermal Power Project at Dhenkanal, Odisha, for a total order value of Rs. 31.60 crore.

  • Receipt of Fax of Acceptance from GAIL (India) Limited for Cracker Furnace Package at Pata, for a total order value of Rs. 104.93 crore approx. 30th November, 2011

    GAIL (India) Limited, (A Government of India Undertaking – A Navratna Company) awarded PECL Cracker Furnace Package at Pata for Petrochemical Complex – II Project for a total order value of Rs. 104.93 crore approx.