Petron Engineering gets LoI from JSW Cement for civil works

Petron Engineering Construction on Monday informed the exchanges that it has received a Letter of Intent from JSW Cement for civil & structural works of a 1.2 tonnes per annum cement grinding plant at Jajpur, Orissa, for an approximate value of ₹60 crore. Shares of Petron Engineering jumped 5 per cent at ₹129.05 on the NSE.