The Mumbai-based Petron Engineering Construction has informed that it has received a Letter of Intent from Utility Energytech and Engineers Pvt Ltd for a Rs 64-crore thermal power project in West Bengal.

The firm received the letter of intent from Utility Energytech and Engineers, an associate company of Reliance Energy Ltd, for erecting boilers for the 1,200 MW Ragunathpur Thermal Power Project.

Petron Engineering Construction, a subsidiary of KazStroyServices Plc. operates in the projects construction sector primarily in India. The company presently holds market cap worth Rs 179 crore, PE Ratio of 33.17; EPS of 7.18 and BV of 84.70.