ARTSON ENGINEERING LTD
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BSE Code:
522134
NSE Code:
ARTSONEN
Business Profile
Business Profile
Artson Engineering (ARTSONEN) is a multi-disciplinary design and construction services company. It was incorporated on Sept. 18, 1978 and converted into a public limited company on Sept. 22, 1986.
The engineering, procurement and construction (EPC) division provides turnkey services for design and engineering, procurement of material and equipment, project management and construction, approvals from statutory authorities, commissioning assistance, guarantees and warranties, quality assurance and safety, and SHE (safety health environment) policy. EPC projects completed include a tank farm for marketing depots of IBP at Nagapatnam, Indian Oil; FCCU - maximization project for HPCL, Mumbai; 5 MW power plant with Allen DG; naphtha storage and handling systems for a captive power plant of Tata Chemicals in Babrala; and several other projects.
The construction division undertakes mechanical construction including tanks, silos and spheres pipeline construction equipment erection; civil and structural works for plants and buildings; and composite contracts including refinery turn around - shut down jobs. Some of the projects completed include construction of storage tanks and fire protection system for product and intermediate tanks at the Essar Oil Refinery, Jamnagar for Essar Projects; and construction of tanks for Buhasa Oil Field Facility Development Project for Cylingas LLC among other projects.
Recent contracts include the INR 200 million order from Reliance Jamnagar Refinery and the INR 120 million order from Kuwait Heisco. The company`s clients include, IOCL, HPCL, IPCL, Lubrizol, L&T, and Reliance Industries to name a few. The company has also supplied power project equipment to BHEL, NTPC, MSEB, Uri Civil, and Enercon among others.
The registered office is located at 426, M.L. Aggarwal Building, 1st Floor, Waman Tukaram Patil Marg, Opposite Shatabdi Hospital, Chembur, Mumbai-400071.
Financials
Artson Engineering registered a loss of Rs 123.33 million for the 18 months ended March 2008.
It recorded a net sales of Rs 520.3 million for the 18 months ended March 2008.
Total income was Rs 520.97 million for the 18 months ended March 2008.
Recent Developments
08-JAN-08
Tata Projects has been inducted as the strategic investors in BIFR-referred Artson Engineering. Artson Engineering board has allotted 27.69 million shares of Rs 1.00 each to Tata Projects.