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Artson Ltd logo

Artson Ltd

NSE: ARTSONENGG BSE: 522134

₹156.45

(1.60%)

Wed, 10 Jun 2026, 02:01 am

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Company History

1978

  • The Company was incorporated as a private limited company on 18th September.

1986

  • The Company was converted into a public limited company.

1993

  • 18,00,000 No. of equity shares of Rs.10 each were issued and allotted to promoters.
  • The company issued 18,00,000 No. of equity shares of Rs.10 each at par through a prospectus.

1994

  • The LPG cylinder filling, testing and other ancillary equipments manufacturing facilities were set up.
  • The Company signed a MOU with M/s. CBI constructors Ltd. (CBI) UK to jointly undertake major projects in India.
  • The Company entered into an agreement with M/s. Baker Tank Co., USA for representing its products and services related to Aluminium Geodesic domes, internal floating roof etc.
  • The Company entered into an agreement with M/s. Verwater(Netherlands) for projects involving relocation and repairs of tanks including foundation work.
  • The company issued 2,15,000 shares and 2,15,000 shares at a premium of Rs.55 per share on private placement basis to MirgaMorgan Stanley Fund and Indian Mutual Fund respectively and Advantage Advisor Inc. India fund Inc. respectively.
  • The company issued 44,85,000 Rights shares at a premium of Rs.15 and 2,60,000 No. of equity shares to employees on private placement basis.

1995

  • The Manufacturing division entered the wind energy sector by manufacturing wind mill towers for Enercon (India) Ltd.

2002

  • Mr P S Chopde resigned as Executive Chairman of the Company and continues as Director on the Board of Directors.
  • Mr C V Kadvekar resigned as Managing Director of the Company and was appointed as Wholetime Director for a term of five years.
  • Mr N K Jagasia was appointed as Chairman and MD of the Company for a term of five years.

2009

  • Artson Engineering received an Order from HPCL - Mittal Energy Ltd for construction of Intermediate and Product Storage Tanks work for Guru Gobind Singh Refinery Project at Bhatinda, Punjab, estimated at Rs 191.70 Crore.

2010

  • The Company received an Order from Overseas AST Co. LLC, Dubai for construction of fuel storage facilities at 3 locations on the outskirts of Abu Dhabi.
  • Artson Engineering received an Order from Cairn Energy India PTY Ltd. worth Rs. 25 Crore.
  • Artson Engineering received an Order from Petrofac International Limited, Sharjah, UAE.

2011

  • The Registered Office of the Company was shifted From Rang Udyan, Building No. 1, 2nd Floor, Sitladevi Temple Road, Mahim (West), Mumbai - 400 001 To Rang Udyan, Building No. 2, 1st Floor, Sitladevi Temple Road, Mahim (West), Mumbai - 400 016.
  • Artson Engineering was awarded a contract by Cairn Energy India Pty Limited worth Rs. 32 Crore.
  • Artson Engineering received an EPC contract from Nagarjuna Oil Corporation Ltd.
  • Artson Engineering received a Work Order from Tata Steel Growth Shop, a division of Tata Steel Limited, worth Rs. 20.65 Crore.

2012

  • Artson Engineering Receives a Work Order of Rs. 19.90 Crore.
  • Artson Engineering's Nashik Manufacturing Unit received an Order from Tata Projects Limited worth Rs. 12.47 Crore.
  • The Company received a contract for Engineering, Procurement and Construction of 21 tanks, Piping, Equipment erection and Painting for Liquid Tank Terminal establishment at Haldia, estimated at Rs. 23.81 Crore.
  • Artson Engineering received a Letter of Intent for a project entailing Piping Shop Fabrication Works to be executed in United Arab Emirates (UAE), estimated at Rs. 9.12 Crore.

2013

  • Artson Engineering Ltd commenced commercial activities at the manufacturing facility at Umred.
  • Artson Engineering Ltd received a Letter of Intent for fabrication, assembly, shop testing, inspection, painting, supply and transportation of various building structures estimated at Rs. 56.37 Crore.
  • Artson Engineering Ltd received a Work Order from Tata Steel Growth Shop, a division of Tata Steel Limited, for structural fabrication works at Gamharia (near Jamshedpur) estimated at 42.06 Crore.
  • Artson Engineering Ltd Nashik Manufacturing Unit received an Order for design, engineering, manufacturing, supply, testing and commissioning of Buffer Vessels for a project at Kalinganagar, Odisha, estimated at Rs. 20.26 Crore.
  • The Registered Office of the Company was shifted from Rang Udyan, Building No. 2, 1st Floor, Sitladevi Temple Road, Mahim (West), Mumbai - 400016 to 11th Floor, Hiranandani Knowledge Park, Technology Street, Powai, Mumbai - 400076.

2014

  • Artson Engineering Ltd received a Letter of Award from Cairn India Limited.
  • Artson Engineering Ltd received a Letter of Intent for Fabrication and Painting of chemical storage tanks at Sharjah, UAE, estimated at AED 6.2 Million (approx. Rs. 10.70 Crore).

2016

  • The Company has received a Letter of Award from Mumbai Aviation Fuel Farm Facility Pvt. Ltd., for Design, Fabrication, Erection and Testing of 5 Nos. Fixed Cone Roof Storage Tanks at a total price of INR 24.43 Crores.
  • Artson Engineering bags a contract of Rs 108 cr from Odisha.

2017

  • Artson Engineering gets an order worth Rs 5.19 cr.
  • AEL bags an order of Rs 5.20 cr from Tata Projects.

2019

  • Artson Engineering bags an order of Rs. 25.79 crores from BHEL.

2024

  • The Company has received a purchase order for Rs. 7.11.