Punj Lloyd firms up on bagging new order

DALAL STREET SPIKES

Punj Lloyd soared 7.21 per cent to Rs 556.45 after it won a contract for building a delayed coker unit & coker LPG merox block for the residue upgradation project of Indian Oil Corporation at its Vadodara, Gujarat refinery.

The scope of work includes a 3.7 million metric tonnes per annum (MTPA) delayed coking unit and a 160 trillion MTPA LPG merox unit. The project is to be executed in 28 months and is worth Rs 590 crore. The group's order backlog has gone up to Rs 18,484 crore, on a consolidated basis.