Punj Lloyd gains on commencing production from polysilicon Plant in Qatar

31 Jul 2017

Punj Lloyd is currently trading at Rs. 21.95, up by 0.25 points or 1.15% from its previous closing of Rs. 21.70 on the BSE.

The scrip opened at Rs. 21.80 and has touched a high and low of Rs. 22.50 and Rs. 21.25 respectively. So far 4,73,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.30 on 15-Sep-2016 and a 52 week low of Rs. 16.90 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 23.50 and Rs. 19.45 respectively. The current market cap of the company is Rs. 735.86 crore.

The promoters holding in the company stood at 35.80%, while Institutions and Non-Institutions held 7.22% and 56.98% respectively.

Punj Lloyd has commenced production from the polysilicon Plant in Qatar constructed by the company for its Client, Qatar Solar Technologies. This is the Qatar’s first polysilicon plant and the largest in the Middle East and North Africa (MENA) region.

The contract for the 8,000 metric tonnes per annum (MTPA) manufacturing facility in Qatar was awarded to Punj Lloyd by Qatar Solar Technologies (QSTec) as part of QSTec’s plans to set up a plant for high-purity solar grade polysilicon. The site was in Ras Laffan Industrial City in the north east of Qatar, the heart of Qatar’s LNG (liquefied natural gas) refineries and exports. The activation of QSTec’s plant represents a major step forward for the MENA region’s solar industry.

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


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