Punj Lloyd Group surges on bagging order worth Rs 1168 crore

Punj Lloyd is currently trading at Rs. 60.15, up by 1.10 points or 1.86% from its previous closing of Rs. 59.05 on the BSE.

The scrip opened at Rs. 59.30 and has touched a high and low of Rs. 61.00 and Rs. 58.40 respectively. So far 918950 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.90 on 22-Feb-2012 and a 52 week low of Rs. 37.30 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 61.00 and Rs. 57.10 respectively. The current market cap of the company is Rs. 2002.54 crore.

The promoters holding in the company stood at 37.18% while Institutions and Non-Institutions held 23.12% and 39.70% respectively.

Sembawang Engineers and Constructors, (Sembawang) a Punj Lloyd Group company has won Project in the Hong Kong to construct MTR Corporation's Shatin to Central Link Diamond Hill Station. The project worth over $260 million (Rs 1,168 crore) will be executed by Sembawang along with consortium partner, Leader Civil Engineering Corporation .The station will provide an important interchange between the new Shatin to Central Link and the existing Diamond Hill Station servicing the Kwun Tong Line.

The scope of work includes the relocation of heritage structures and archeological diggings required to facilitate the site, construction of a 250 metre long by 30 metre deep underground station and connecting adits to the existing station, together with coordination with interfacing railway operating systems and specialist contractors. Modifications to the adjacent existing live station will also be required to aid the flow of passengers between the Kwun Tong Line and the Shatin to central Link. Strict environmental controls and attention to public relations will also be an important aspect of the project as the station is to be constructed in a heavily populated older area of Eastern Kowloon.

Work on the Diamond Hill Station would commence in the first quarter of 2013, in line with the commissioning of the first phase of the Shatin to central Link. That Link will eventually provide a direct connection between the stations on the border with mainland China/Guangzhou Province and Admiralty Station, located in the heart of the central Business District of Island which, in turn, will provide easy access to other existing rail networks, including the Tsuen Wan Line, the Island Line and the future South Island Line (East). Construction of the Shatin to Central Link is part of Hong Kong's strategic infrastructure plan to develop a railway network to meet its fast-growing future transport needs.