Punj Lloyd surges with JV bagging order worth Rs 1,177 crore in Myanmar

07 Sep 2017

Punj Lloyd is currently trading at Rs. 22.00, up by 2.90 points or 15.18% from its previous closing of Rs. 19.10 on the BSE.

The scrip opened at Rs. 20.10 and has touched a high and low of Rs. 22.50 and Rs. 20.10 respectively. So far 22,71,000 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. 22.50 and Rs. 18.85 respectively. The current market cap of the company is Rs. 737.98 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’s JV has bagged a contract worth Rs 1,177-crore in Myanmar from the National Highways Authority of India (NHAI). NHAI has awarded its first international project to the joint venture (JV) between the company and Varaha Infrastructure. The JV has won the bid to construct the Yagyi- Kalewa road section in Myanmar. The project will be based on engineering, procurement and construction (EPC) model.

Under the project, the company will be required to build a road stretch of nearly 120 km within 36 months and the job includes construction of 3 major and 2 minor bridges. The company is also supposed to maintain the project for five years.

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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Puchho Befikar
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