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Punj Lloyd up 14% as JV wins contract worth of Rs 1,177 crore from NHAI

The trading volumes jumped an over five-fold with a combined 7.4 million shares traded till 10:52 am

SI Reporter  |  Mumbai 

Punj Llyod logo (Source: Punj Llyod)
Punj Llyod logo (Source: Punj Llyod)

surged 14% to Rs 21.85 on BSE in intra-day trade on back of heavy volumes on reports that a JV has won Rs 1,177-crore project in from the National Highways Authority of India (NHAI).

"The has awarded its first international project in A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section in at a cost of Rs 1,177 crore," the PTI report suggests quoting a senior official. CLICK HERE TO READ FULL REPORT.

The BSE said that the exchange has sought clarification from on September 7, 2017 with reference to said The reply is awaited.

At 10:52 am, the stock was quoting at Rs 21.75 on BSE. The trading volumes on the counter jumped more than five-fold with a combined 7.44 million shares changed hands on BSE and NSE so far.

First Published: Thu, September 07 2017. 10:55 IST