Punj Lloyd climbs on new order worth Rs 32.54 bn - The New Indian Express

Punj Lloyd climbs on new order worth Rs 32.54 bn

Published: 16th April 2014 01:19 PM

Last Updated: 16th April 2014 01:19 PM

Punj Lloyd, engaged into engineering, procurement and construction (EPC), climbed on Wednesday after the companysecured a contract to design and construct infrastructure facilities of Zliten city (Lobya) for approximate cost of LYD 665.71 million, equivalent to USD 540 million or Rs 32.54 billion.

The project involves design and construction of the storm and sewer network, water network, telecommunication and distribution network, natural gas network, street lighting networkand road works including landscaping of parks and green areas. The project implementation tenure is offour years.Shares ofthe companyare trading at Rs 35.25, up Rs 0.55, or 1.59% at the Bombay Stock Exchange (BSE) on Wednesday at 12:09 p.m.The scrip has touched an intra-day high of Rs 36.80 and low of Rs 34.85. The total volume of shares traded at the BSE is 1,604,181.In the earlier session, the shares gained 0.87%, or Rs 0.3, at Rs 34.70. Currently, the stock is trading down 39.01% from its 52-week high of Rs 57.80 and above 74.07% over the 52-week low of Rs 20.25.

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