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Punj Lloyd up 14% as JV wins contract worth of Rs 1,177 crore from NHAI

The trading volumes jumped an over five-fold with a combined 7.4 million shares traded till 10:52 am

Punj Llyod logo (Source: Punj Llyod)
Punj Llyod logo (Source: Punj Llyod)

Punj Lloyd surged 14% to Rs 21.85 on BSE in intra-day trade on back of heavy volumes on reports that a Punj Lloyd JV has won Rs 1,177-crore project in Myanmar from the National Highways Authority of India (NHAI). "The NHAI has awarded its first international project in Myanmar. A joint venture between Punj Llyod and Varaha Infrastructure Ltd has won the bid to construct the Yagyi- Kalewa road section in Myanmar at a cost of Rs 1,177 crore," the PTI report suggests quoting a senior NHAI official. CLICK HERE TO READ FULL REPORT. The BSE said that the exchange has ...