 "Punj Lloyd up 14% as JV wins contract worth of Rs 1,177 crore from NHAI")
Punj Lloyd surged 14% to Rs 21.85 on BSE in intra-day trade on back of heavy volumes on reports that a Punj Lloyd JV has won Rs 1,177-crore project in Myanmar from the National Highways Authority of India (NHAI).
"The NHAI has awarded its first international project in Myanmar. A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section in Myanmar at a cost of Rs 1,177 crore," the PTI report suggests quoting a senior NHAI official. CLICK HERE TO READ FULL REPORT.
The BSE said that the exchange has sought clarification from Punj Lloyd on September 7, 2017 with reference to said news. 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.
"The NHAI has awarded its first international project in Myanmar. A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section in Myanmar at a cost of Rs 1,177 crore," the PTI report suggests quoting a senior NHAI official. CLICK HERE TO READ FULL REPORT.
The BSE said that the exchange has sought clarification from Punj Lloyd on September 7, 2017 with reference to said news. 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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%