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

Punj Lloyd Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532693 | NSE: PUNJLLOYD

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	3845.00
Kalpataru Projects	1397.60
NCC	133.45
Rail Vikas Nigam	207.00
KEC International	395.45
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