Artson Engineering Ltd

(522134)

Artson Engineering AEL is a project engineering firm promises multidisciplinary design and turnkey services in the fields of mechanical, civil, electrical and instrumentation. Established in 1978, the company went public in 1986 and in 1994, it raised funds through a Rights Issue to accelerate growth and diversification. Artson Engineering gained traction in 1992 with its foray into finned tubes and heat exchangers market. Undertaking of turnkey projects for the installation of petroleum storage systems, fuel handling systems, cryogenic facilities, bottling plants and machinery for LPG cylinders has strengthened their service offerings.

The company signed MOUs with foreign entities to collaborate on major projects and ventured into export markets. Over the years, the firm completed major projects with an estimated value of INR 90 Crore (2011-12) such as construction of 64 Intermediate and Product Storage Tanks and 8 well pads at Barmer, Rajasthan; fabrication of high-pressure and complex equipment at a steel plant in Rourkela; mechanical works and process piping at Jamhedpur, Kalinganagar; Equipment and supply of structural fabrication at Gamharia, Jamshedpur and more.

With the commissioning of tank construction project in Gujarat, structural fabrication capacity expanded with new facilities at Nagpur, Asanbani (Jamshedpur), Ranchi and more. Constructing tanks for Liquid Tank Terminals, Revamping of Coil Box, dust extraction systems, fabrication and erection of Vessel for storage of Sulphuric acid, Fabrication and Erection of tanks and pipe rack in UAE, fabrication of Intakes Pipeline at APGENCO, Krishnapatnam, fabricated items for Mumbai Aviation Fuel and more have been some of the noteworthy project commissioned by the firm over the years.

In 2021, Artson Engineering achieved completion of multiple projects including 81 Mtrs. tank for IOCL at Dumad Gujarat, IOCL Paradip2 project Odisha, NFC Kota Piping Project Rajasthan, ONGC Kakinada Tankage Project Andhra Pradesh, Automated warehouse project for ITC Kapurthala Punjab and many others, thus, consistently setting benchmarks of engineering excellence. The Nashik unit of the firm delivered multiple sets of air storage vessels for prestigious ISRO project among other successful venture in the last financial year.

Share Price: ₹178.70 per share as on 22 Oct, 2024 04:01 PM
Market Capitalisation: ₹694.47Cr as of today
Listing date: 13 Sep, 1996
Chairperson Name: Vinayak Pai