Artson Engineering wins Rs. 95 crore order

The company received an order worth Rs. 95.8 crore from Indian Oil Corporation. The order includes detailed engineering, fabrication, installation and commissioning of storage tanks at Dhumad, Gujarat. The order is to be executed over a period of 16 months. 

Artson Engineering Limited (AEL) is a subsidiary of TATA Projects Limited (TPL). Tata Projects is an industrial and urban infrastructure companies, which owns 75 per cent of paid-up equity shares of AEL. Artson is engaged in EPC / Construction contracts in tankages, piping and static equipment. AEL has completed large projects in the oil refinery, distribution terminals and pipelines and mining and Power sector. The company has fabrication yards in Nagpur, Jamshedpur and Ranchi.

The company's board of directors are scheduled to meet on Thursday, October 25, 2018.

On Friday, the stock of Artson Engineering closed at Rs. 55.60 per share, up by 4.51 per cent on BSE exchange. On the other hand, the benchmark index BSE Sensex closed at 34,315.63, down by 463.95 or 1.33 per cent.