Punj Lloyd gains on plans of foraying into T&D sector

28 Nov 2014

Punj Lloyd is currently trading at Rs. 37.15, up by 0.45 points or 1.23 % from its previous closing of Rs. 36.70 on the BSE.

The scrip opened at Rs. 36.55 and has touched a high and low of Rs. 37.25 and Rs. 36.55 respectively. So far 49043 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 60.85 on 19-Jun-2014 and a 52 week low of Rs. 24.90 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 38.95 and Rs. 35.45 respectively. The current market cap of the company is Rs. 1232.08 crore.

The promoters holding in the company stood at 37.15 % while Institutions and Non-Institutions held 13.64 % and 49.22 % respectively.

Punj Lloyd, an engineering and construction group of India, will foray into power transmission and distribution (T&D) business and the company is also preparing a blueprint for the same. The company has taken this step after government’s initiative to build independent transmission projects.

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.   

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