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Punj Lloyd gains on bagging Pipeline contracts worth Rs 2,070 crore in Oman

16 Feb 2016 Evaluate

Punj Lloyd is currently trading at Rs 22.35, up by 0.05 points or 0.22% from its previous closing of Rs. 22.30 on the BSE.

The scrip opened at Rs. 22.50 and has touched a high and low of Rs. 23.70 and Rs. 22.35 respectively. So far 780665 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.75 on 28-Feb-2015 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. 24.90 and Rs. 21.70 respectively. The current market cap of the company is Rs. 757.18 crore.

The promoters holding in the company stood at 36.93% while Institutions and Non-Institutions held 9.84% and 53.24% respectively.

Punj Lloyd, the diversified engineering, procurement and construction conglomerate has bagged oil & gas EPC orders worth Rs 2,070 crore from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC) which are owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC. The scope of work for the contracts includes the construction of a 14’ dia, 300 km natural gas liquid (NGL) pipeline and a 32’ dia, 301 km gas pipeline.

The 14’ dia pipeline, part of Orpic’s $ 6.4bn Liwa Plastic Industries Complex (LPIC), will travel from the New Fahud NGL Plant to the Steam Cracker Unit at Sohar in Oman. In view of the increased gas demand and to ensure availability of supply, Punj Lloyd will be laying another 32’ dia gas pipeline parallel to the existing 32’ dia Fahud -Sohar pipeline for OGC. The pipeline is being laid to supply gas for North Power station. The scope of work also includes construction of block valve and pigging stations. Both the pipelines need to be completed within 38 and 35 months respectively.

Punj Lloyd Share Price

2.23 0.00 (0.00%)
06-Oct-2022 18:01 View Price Chart
Peers
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