Engineering Stock, Konstelec Engineers Ltd bags work order worth Rs 17 Cr order from Petronet LNG

Konstelec Engineers Limited bagged a prestigious work order from Petronet LNG Limited for Site Enabling Works for the PDH PP Plant with Ethane and Propane Storage And Handling Facilities at Dahej, Gujarat. The order is worth Rs 17.85 crore. The shares of the project management company fell 2 percent despite the company bagging a prestigious work order from Petronet LNG Limited for Rs 17.85 crore.

The company's market capitalization is Rs 191.54 crore, and the shares of Konstelec Engineers Ltd were trading at Rs 127 per share, decreasing around 2 percent compared to the previous closing price of Rs 129.40 apiece. 

The company operates across 22 states, managing major projects like HPCL’s Rajasthan refinery, India’s first bamboo-based ethanol refinery in Assam, NALCO’s aluminum expansion in Orissa, LNG terminals, cryogenic plants, and critical E&I works for various refineries and industrial facilities nationwide. 

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KEPL undertakes contracts for the installation, testing, commissioning, and maintenance of electrical and electromechanical equipment in industries such as oil, gas, refineries, space, petrochemicals, chemicals, cement, and textiles. 

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