About Us Artson Engineering Limited, (the Company) was incorporated as a Private Limited Company on 18th September 1978. Since inception, the Company was engaged in pioneering work in developing products and systems in fuel handling and tankage construction activities in Refineries, this led the Company to become one of the foremost companies in India with specialization in Petroleum Storage and handling systems. In the year 1990, the Company established its own manufacturing facility at Ambad (Nashik) to support its Engineering Procurement and Construction (EPC) projects. With a consistent record of dividend payment and two bonus issues earlier, the Company came out with its Initial Public Offering (IPO) of 18,00,000 equity shares of Rs. 10 each at par in the year 1992. The IPO was over-subscribed 9.5 times and the shares of the Company were listed on the Bombay, Delhi, Madras and Ahmedabad Stock Exchanges. By the Year 1994, the Company was already engaged in the multidisciplinary engineering activities. The Company announced its ‘Rights Issue’ in the year 1994 with ambitious expansion plans to take up EPC contracts in the core sectors of Oil and Gas, Power Generation and activities of Cryogenic Tanks Construction. The Rights Issue was of 44,85,000 equity shares of Rs. 10 each at a premium of Rs. 15 per share aggregating to Rs. 11.21 Crores. Over the years, the Company has developed its capabilities in the multi-disciplinary construction fields for the Hydrocarbon process industry and has successfully executed, on turn-key basis, many prestigious construction contracts. The Company has thus emerged as one of the leading Design Engineering Procurement and Construction Companies in the Petroleum Storage and handling system. During the span of three decades, the Company has successfully commissioned, on turn-key basis, several fuel storage and handling facility systems and emerged as one of the foremost companies in the country which specializes in such systems. The Company’s expertise has gradually expanded beyond the Country and has been executing prestigious overseas contracts as well. |
Happenings / News / Press CoverageNews THE COMPANY RECEIVES AN ORDER FROM NAGARJUNA OIL CORPORATION LIMITEDMumbai, 11th January 2011The Company has been awarded an EPC Contract by Nagarjuna Oil Corporation Limited for package no.1 tankages works consisting of Floating & Fixed Roof Tanks – 14 Nos. The approximate value of this order is Rs. 28 Crore and expected duration of the Company’s scope of works is 12 months. THE COMPANY RECEIVES AN ORDER FROM CAIRN ENERGY INDIA PVT. LIMITEDMumbai, 10 th January 2011The Company has received an order from Cairn Energy India Pvt Limited (CAIRN) for Mechanical Works for Bhagyam Field Development Project at Barmer, Rajasthan On- Shore Oil Fields. The scope of work includes all Mechanical Works and Piping for Eight Well-pads. The estimated cost of the project is Rs. 32 Crore and the completion schedule is upto June 2012.” THE COMPANY RECEIVES AN ORDER FROM HINDALCO INDUSTRIES LIMITED, (UNIT: BIRLA COPPER)Mumbai, 19 th December 2010The Company has received an order from Hindalco Industries Limited, (Unit: Birla Copper) for design, manufacture, supply and supervision of E&C of SS 316L – Tellurium Precipitation Reactors with Limpet Coil Specification. The estimated order value is Rs. 34 Lakh and the completion schedule is upto April 2011. THE COMPANY RECEIVES AN ORDER FROM CAIRN ENERGY INDIA PVT. LIMITEDMumbai, 3 rd July 2010The Company has received an Order from Cairn Energy India PVT. Limited (CAIRN) for 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 estimated value of this contract is Rs. 25 Crore and the contract period is of one year. THE COMPANY RECEIVES AN ORDER FROM OVERSEAS AST CO. LLC, DUBAIMumbai, 12 th April 2010The Company has received an Order from Overseas AST Co. LLC, Dubai for construction of fuel storage facilities at 3 (three) locations on the outskirts of Abu Dhabi at (a) Al Hamra Military Airport (b) Safran Air Base and (c) Al Dhafra Air Base of UAE Armed Forces (General Headquarters of Armed Forces of United Arab Emirates The contract scope covers construction of 12 nos. of Storage Tanks and the estimated contract value of the order is about USD 5.2 million (approximately Rs. 23 Crore). Time of completion for the total works under this contract shall be 6 months effective from 11th April 2010.
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 | Fact Sheet | | | Year of Establishment | : | 1978 | | Nature of Business | : | Manufacturer, Exporter | | Major Markets | : | Indian Subcontinent, East Asia, Middle East and South East Asia |
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Contact Details| | Company Name:
| Artson Engineering Limited | | Contact Person: | Mr. N. K. Jagasia | | Telephone: | +(91)-(22)-66255600
| | Fax No: | +(91)-(22)-66255614 | | Address: | Rang Udyan, Building No. 1, 2nd Floor, Sitladevi Temple Road, Mahim (West),, Mumbai, Maharashtra - 400001 (India) |
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