Artson Engineering wins Rs25-crore order from Cairn Energy

Artson Engineering Ltd said it has received an order from Cairn Energy India Pty Ltd worth around Rs25 crore.

The scope of work includes fabrication and installation of piping & equipment and also assistance for commissioning & maintenance for a period of 12 months at Mangala processing terminal (MPT), Rajasthan. The contract period is of one year.

On Monday, Artson Engineering shares closed 3.36% down at Rs61 on the Bombay Stock Exchange, while the Sensex ended at 0.11% down at 17,441 points.

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Fiem Industries starts construction of plant in Alwar

Fiem Industries Ltd said it has performed the foundation stone laying ceremony for establishing its eighth plant at Industrial Area Tapukara, in Alwar district of Rajasthan.

The company will set up facilities of injection molding and paint shop in this plant. The commercial production in the plant is scheduled to commence in the last quarter of current financial year. The company's principal activity is to manufacture automotive parts. It manufactures automotive lighting and signalling equipments and rear view mirrors.

On Monday, Fiem Industries shares closed 17% up at Rs175 on the Bombay Stock Exchange, while the Sensex ended at 0.11% down at 17,441 points.

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Vijayeswari Textiles appoints new CEO

Coimbatore-based Vijayeswari Textiles Ltd has appointed VVSSB Shankar as chief executive officer (CEO) of the company. Prior to joining this company, Mr Shankar was the managing partner of Transware engaged in mergers & acquisitions, retail strategy and management consulting.

On Monday, Vijayeswari Textiles shares closed 2.18% up at Rs23 on the Bombay Stock Exchange, while the Sensex ended at 0.11% down at 17,441 points.

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