New order win boosts Punj Lloyd

Punj Lloyd surged 10.03% to Rs 17.55 at 09:44 IST on BSE after the company announced that it has won a highway contract worth Rs 505.22 crore in Odisha from NHAI.

The announcement was made after trading hours yesterday, 26 March 2018.

Meanwhile, the S&P BSE Sensex was up 239.10 points or 0.72% at 33,305.51. The S&P BSE Small-Cap index was up 272.58 points or 1.61% at 17,195.95.

On the BSE, 3.79 lakh shares were traded on the counter as against the average daily volumes of 3.12 lakh shares in the past two weeks. The stock had hit a high of Rs 18.40 and a low of Rs 17.20 so far during the day. The stock had hit a 52-week high of Rs 29.15 on 1 January 2018 and a 52-week low of Rs 15.80 on 26 March 2018.

The small-cap company has equity capital of Rs 67.12 crore. Face value per share is Rs 2.

Punj Lloyd announced that it has been awarded a contract worth Rs 505.22 crore for six / four laning of NH 5 (New NH 16) from Puintola to Tangi in Odisha on EPC basis by National Highway Authority of India (NHAI). The construction period is 730 days from the appointed date, to be notified by NHAI after fulfillment of certain conditions precedent.

Punj Lloyd reported net loss of Rs 183.95 crore in Q3 December 2017, compared with net loss of Rs 231.81 crore in Q3 December 2016. Total income rose 12.31% to Rs 1135.57 crore in Q3 December 2017 over Q3 December 2016.

Punj Lloyd is a diversified international conglomerate offering engineering, procurement and construction (EPC) services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.

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