Punj Lloyd trades jubilantly on bagging order worth Rs 1094 crore from IOCL

31 Aug 2015

Punj Lloyd is currently trading at Rs. 25.90, up by 1.70 points or 7.02% from its previous closing of Rs. 24.20 on the BSE.

The scrip opened at Rs. 24.40 and has touched a high and low of Rs. 26.30 and Rs. 23.85 respectively. So far 599836 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 45.20 on 10-Sep-2014 and a 52 week low of Rs. 20.75 on 20-May-2015.

Last one week high and low of the scrip stood at Rs. 26.30 and Rs. 21.05 respectively. The current market cap of the company is Rs. 820.28 crore.

The promoters holding in the company stood at 36.93% while Institutions and Non-Institutions held 9.59% and 53.48% respectively.

Punj Lloyd has bagged a lump-sum turnkey contract worth Rs 1094 crore for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation (IOCL). The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sour Water Stripper (SWS) including the Utilities and Offsite facilities. This project falls under IOCL's prestigious 'Aishwariya' project.

IOCL’s Haldia project aims to upgrade Black Oil, mainly High Sulphur Fuel Oil to higher value products like diesel and LPG which will lead to subsequent improvement in Gross Refinery Margins. It will also produce improved quality diesel, conforming to BS-IV specifications as a measure towards environmental protection.

With this new win, the Group’s order backlog stands at Rs 20,978 crore. The order backlog is the value of unexecuted orders on June 30, 2015 plus new orders received after that date.

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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