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Artson Engineering wins contract worth Rs32 crore from Cairn Energy India

Artson Engineering Ltd said it has won a contract worth around Rs32 crore from Cairn Energy India Pty Ltd for Bhagyam Field Development Project in Barmer, Rajasthan on-shore oil fields.

The project consists of all mechanical works and piping for eight wellpads. The project is expected to be completed by June 2012.

On Monday, Artson Engineering gained 3.70% to Rs70.10 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.38% down at 19,224.12 points.

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Indraprastha Gas Q3 net rises 14% to Rs67.19 crore

Indraprastha Gas Ltd said its net profit stood at Rs67.19 crore, up 14.02% for the December 2010 quarter compared to Rs58.93 crore in the corresponding period last year.

The company's net revenues jumped 59.76% to Rs454.70 crore in the December 2010 quarter from Rs284.61 crore, said the company in a statement.

On Monday, Indraprastha Gas ended 2.38% down at Rs330.20 on the Bombay Stock Exchange, while the benchmark Sensex closed 2.38% down at 19,224.12 points.
 

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