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Punj Lloyd gains on Rs 308 crore order from Dubai firm

The order is for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen

Punj Lloyd gains on Rs 308 crore order from Dubai firm

SI Reporter Mumbai
Shares of Punj Lloyd were up over 1% at Rs 22.45 on the BSE after the company announced that it has secured a Rs 308 crore infrastructure order in Dubai, United Arab Emirates.

The contract has been awarded to Punj Lloyd by Front Line Investment Management Co. LLC, subsidiary of Damac Properties Development LLC for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen master development offering a luxury lifestyle at the heart of nature in Al Yufrah 2, Dubai, the company said in a release.

The stock opened at Rs 22.05 and touched a high of Rs 23.20. At 11:10am, over 968,000 shares were traded on both the stock exchanges.
 

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First Published: Feb 24 2016 | 11:14 AM IST

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