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Punj Lloyd strengthens as its arm bags integrated construction contract worth $72 million

26 May 2014

Punj Lloyd is currently trading at Rs. 46.20, up by 2.55 points or 5.84% from its previous closing of Rs. 43.65 on the BSE.

The scrip opened at Rs. 44.20 and has touched a high and low of Rs. 46.80 and Rs. 43.90 respectively. So far 1535858 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 47.80 on 28-May-2013 and a 52 week low of Rs. 20.25 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 46.80 and Rs. 35.20 respectively. The current market cap of the company is Rs. 1540.92 crore.

The promoters holding in the company stood at 37.23% while Institutions and Non-Institutions held 17.29% and 45.49% respectively.

Punj Lloyd’s - wholly owned subsidiary, has been awarded an integrated construction contract, from a multinational oil major, consisting of Civil, Structural, Mechanical, Electrical and Instrumental Works, in Brunei Darussalam, for an amount of Brunei Dollar 89.98 million, equivalent to approximately $72 million.

Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.

Related Punj Lloyd Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323