Punj Lloyd gains on winning project worth Rs 1,168-cr

Punj Lloyd has moved higher by over 2% at Rs 60.35 after the company said that Sembawang Engineers and Constructors, a group company has won order in Hong Kong to construct MTR Corporation's Shatin to Central Link Diamond Hill Station.

“The project worth about Rs 1,168 crore will be executed by Sembawang along with consortium partner, Leader Civil Engineering Corporation Limited,” Punj Lloyd said in a statement.

Last week, Punj Lloyd Group had said it bagged Rs 528 crore worth project from the Singapore prison service to construct the new prison headquarters of the Changi prison complex.

The stock opened at Rs 59.20 and hit a high of Rs 61 on the NSE. A combined 4.37 million shares have changed hands on the counter so far on both the exchanges.