Punj Lloyd surges 9% on bagging order worth Rs 3,515 crore

Punj Lloyd has surged over 9% after winning the mega Rs 3,515 crore Rapid tank farm order from PRPC refinery and Cracker

Shares of Punj Lloyd have surged over 9% to Rs 40.40 on the BSE after winning the mega Rs 3,515 crore Rapid tank farm order from PRPC refinery and Cracker, a subsidiary under the Petroleum National Berhad (PETRONAS) group, Malaysia’s national emergency group.

 

After winning this contract, Punj Lloyd group’s order backlog reaches Rs 24,679 crores.

 

The stock opened at Rs 36.55, touched a high of Rs 40.60 and a low of Rs 36.55 on the BSE. A total of 534,102 shares have been exchanged on the BSE so far.