MoneyWorks4Me

Punj Lloyd’s arm disinvests entire stake in Simon Carves Engineering for $2 million

04 Aug 2016 Evaluate

Punj Lloyd’s subsidiary - Pt Engineering has sold its entire shareholding in its wholly owned subsidiary registered in United Kingdom ‘Simon Carves Engineering’ for $2 million on August 02, 2016. Simon Carves Engineering has been sold to Engineers and Constructors International, Inc., a design and engineering company belonging to Mitsui Group, based out of Baton Rouge, Louisiana, US. 

Punj Lloyd is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector.



Peers
Company Name CMP
Larsen & Toubro 3667.50
Kalpataru Projects 1400.10
NCC 124.75
Rail Vikas Nigam 196.75
KEC International 359.00
View more..