Petron Engineering Construction has received orders from Lanco Infratech.

The new order is for supply of electrical equipment and erection, testing & commissioning of electrical erection package for their 2 x 600 MW thermal power project at dist. Dhenkanal, Odisha, India for a total order value of Rs 316 million.

The stock had underperformed the market over the past one month till December 14, 2011, falling 10.56% compared with the Sensex`s 7.23% decline. It underperformed the market in past one quarter, declining 16.89% as against 4.96% fall in the Sensex.

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