Punj Lloyd bags $40 mn UAE project

Engineering major Punj Lloyd today said it has bagged a project worth $40 million (nearly Rs 181 crore) from Abu Dhabi Gas Industries (GASCO) for infrastructure related works.

The company has secured a letter of award for engineering, procurement and construction works in UAE from GASCO, Punj Lloyd said in a filing to the Bombay Stock Exchange (BSE).

Shares of Punj Lloyd closed at Rs 172.25 on the BSE, down by 0.40 per cent from its previous close.