The Mumbai-based Petron Engineering Construction has informed that it has received a Letter of Intent from Utility Energytech and Engineers Pvt Ltd for a Rs 64-crore thermal power project in West Bengal.

The firm received the letter of intent from Utility Energytech and Engineers, an associate company of Reliance Energy Ltd, for erecting boilers for the 1,200 MW Ragunathpur Thermal Power Project.

Stock market analyst Hitendra Vasudeo of stockmechanics.com has maintained ‘buy’ rating on Larsen & Toubro stock with an intraday target of Rs 2735.

According to Mr. Vasudeo, interested traders can purchase the stock above Rs 2715 with a strict stop loss of Rs 2695. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 2747.4.
 
Shares of the company, on Tuesday (Aug 19), closed at Rs 2674.45 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 340810. Current EPS & P/E ratio stood at 78.62 and 34.52 respectively. The share price has seen a 52-week high of Rs 4670 and a low of Rs 2100 on BSE.

Heavy engineering major Bharat Heavy Electricals Ltd.

Mumbai-based Petron Engineering, has informed that it has received an Order for Heater Works for CDU/ VDU Units for Guru Gobind Singh Refinery Project of M/s.HPCL- Mittal Energy Limited at Bathinda(Punjab).

The contract is valued at a lump sum value of Rs 123 crore.

Last month, the company has bagged four letter of intent totalling Rs 14.07 crore from Utility Energytech Engineers Pvt Ltd,

Petron Engineering Construction, a subsidiary of KazStroyServices Plc. operates in the projects construction sector primarily in India.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Larsen & Toubro (L&T) stock with an intraday target of Rs 2900.

According to Karvy, day traders can purchase the stock above Rs 2810 with a strict stop loss of Rs 2750. If the stock market remains on positive track, the next target for the day will be above Rs 2905.