Punj Lloyd shines on bagging project worth Rs. 730 crore

14 May 2013 Evaluate

Punj Lloyd is currently trading at Rs. 54.55, up by 0.55 points or 1.02% from its previous closing of Rs. 54.00 on the BSE.

The scrip opened at Rs. 54.20 and has touched a high and low of Rs. 54.60 and Rs. 54.00 respectively. So far 1, 43,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.10 on 09-Jan-2013 and a 52 week low of Rs. 39.00 on 04-Mar-2013.

Last one week high and low of the scrip stood at Rs. 57.80 and Rs. 53.00 respectively. The current market cap of the company is Rs. 1810 crore.

The promoters holding in the company stood at 37.14%, while Institutions and Non-Institutions held 22.03% and 40.82% respectively.

Punj Lloyd Group has bagged the B-127 Cluster Pipeline Project (Project) in Mumbai from Oil and Natural Gas Corporation, worth Rs 730 crore. The Scope of work will include detailed engineering design, surveys, procurement, fabrication, load out, tie down/sea fastening, tow-out / sail-out, transportation, Installation, hook-up, pre-commissioning and commissioning of 115,50 km rigid submarine pipelines in 9 segments, relocation of existing single buoy mooring, Installation of new pipeline end manifold along with anchor piles and topside modifications of four existing platforms.

The Project comprises three marginal fields: B-127, B-157 and B-59 located North of Mukta and additional development of B-55 Field of Bassein & Satellite asset in Bombay Offshore Bassein, with significant hydrocarbon accumulations in multi-layered reservoirs within the Bassein and Mukta formations, The B-127 cluster development has an estimated cumulative production of 1,836 million tonnes of oil and 2,093 billion cubic metre of gas over a ten-year period and the additional development Of B-55 envisages production of 0.155 million tonne oil and 2,593 billion cubic metre gas over 13 years.

Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.

Punj Lloyd Share Price

2.23 0.00 (0.00%)
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Peers
Company Name CMP
Larsen & Toubro 3459.45
Rail Vikas Nigam 280.10
KEC International 778.10
Kalpataru Projects 1195.00
NCC 272.80
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