Artson
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Welcome to Artson

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.

News

20th March 2009 (Mumbai)The Company has received an order from Indian Oil Corporation Limited for construction of storage tanks and associated facilities work for PRAEP projects of Panipat Refinery at Panipat. more
22nd January 2009 (Mumbai)The Company has been awarded an off- plot pipeline project construction work for 62 KM of pipe line work (consisting of sizes from 4" to 36") for various services like crude export, gas export, fuel gas and water injection line etc.
more
12th January 2009 (Mumbai)The Company has received an Order from HPCL – Mittal Energy Limited for construction of Intermediate and Product Storage Tanks work for Guru Gobind Singh Refinery Project at Bhatinda, Punjab. The estimated contract value of the order is Rs. 191.70 Crore.
more
11th July 2008 (Mumbai)The Company has received an Order from HPCL – Mittal Energy Limited for Crude Oil Storage Tanks (4 nos.) work for the Guru Gobind Singh Refinery Project at Bhatinda, Punjab.
more