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Punj Lloyd has moved higher by 8% to Rs 29.15 on the BSE after the company announced that it has secured Rs 477 tankage order from Mitsubishi Heavy Industries of Japan.
“The scope of work for the project includes confirmatory geotechnical investigation, early earth works, construction of two full containment LNG tanks on evaluation on elevated piled foundation for LNG import, storage and re-gasification terminal project of Indian Oil Corporation at Ennore Port in Tamil Nadu,” Punj Lloyd said in a statement.
The project will be completed in 33 months.
With this project win, Punj Lloyd Group's order backlog reached to Rs 22,171 crore.
The stock opened at Rs 27 and hit a high of Rs 29.60 on the BSE. The trading volumes on the counter more than doubled with a combined 5.35 million shares changed hands on the BSE and NSE till 12:31 PM.
“The scope of work for the project includes confirmatory geotechnical investigation, early earth works, construction of two full containment LNG tanks on evaluation on elevated piled foundation for LNG import, storage and re-gasification terminal project of Indian Oil Corporation at Ennore Port in Tamil Nadu,” Punj Lloyd said in a statement.
The project will be completed in 33 months.
With this project win, Punj Lloyd Group's order backlog reached to Rs 22,171 crore.
The stock opened at Rs 27 and hit a high of Rs 29.60 on the BSE. The trading volumes on the counter more than doubled with a combined 5.35 million shares changed hands on the BSE and NSE till 12:31 PM.
