Monday 12 August 2013

Punj Lloyd surges on winning project worth Rs 358 crore from Chennai Petroleum Corporation

Punj Lloyd is currently trading at Rs. 25.25, up by 0.90 points or 3.70% from its previous closing of Rs. 24.35 on the BSE.

The scrip opened at Rs. 24.50 and has touched a high and low of Rs. 25.60 and Rs. 23.90 respectively. So far 536675 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 64.10 on 09-Jan-2013 and a 52 week low of Rs. 22.15 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 25.60 and Rs. 22.35 respectively. The current market cap of the company is Rs. 841.86 crore.

The promoters holding in the company stood at 37.14% while Institutions and Non-Institutions held 22.74% and 40.12% respectively.

Punj Lloyd, a leading engineering, procurement and construction (EPC) conglomerate has been awarded a contract worth Rs 358 crores by Chennai Petroleum Corporation (CPCL) to build the Sulphur Block of Resid Upgradation Project at its Manall refinery near Chennal. Punj Lloyd's scope of work includes residual basic and detailed engineering, procurement, construction, installation, pre-commissioning, commissioning and project management for the sulphur block comprising 2 x 100 TPD Sulphur Recovery Unit including Tail Gas Treatment Unit, 60 m3/hr Sour Water Stripper and 250 TPH capacity Amine Regeneration Unit on a single point responsibility basis.

The project is expected to be commissioned in December 2015, With this contract, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs 21,226 crore, reflecting the total value of unexecuted order as on June 30, 2013 and the orders received after the day.

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