Punj Lloyd new projects pushed up its Per Share Value
Offers in Punj Lloyd ascended above 8% a week ago and came to an intraday high of Rs.27.25, as a consequence of its entrance in Transmission and Distribution sector. This broadened Group’s entrance got to be conceivable in T&D sector by bagging the deal of 2 projects in the same.
The organization has won various projects in power sector including these two, one from BHEL and all are worth Rs 488 crore collaboratively.
Punj Lloyd got these projects from Power Grid Corp. under the Rajiv Gandhi Gramin Vidyutikaran Yojna, for rural electrification of Odishi districts including Ganjam, Jaypore and Khorda.
Its center territory of work about augmenting the current 33/11 kv s/s, developing 11 kv outgoing bay and new 11 kv line alongside LT establishment of distribution transformers and service connection to Below Poverty Line customers.
The order backlog of Punj Lloyd remains at Rs. 21,466 crore. Request accumulation is the aggregate estimation of unexecuted requests till June 30, 2015, including the orders it received after that day.
Starting 1:42 p.m., offers in Punj Lloyd were exchanging about 7% higher at Rs 26.85 each on the BSE, beating the more extensive Sensex that was up 0.3%.
With main office situated in Gurgaon-NCR, Punj Lloyd is listed on Bombay Stock Exchange and National Stock Exchange at current offer status of Rs. 26.60 and 26.70 respectively. Till March 2015, their gross sales was Rs. 4,881 crore. Mr. Atul Punj is the CEO of Punj Lloyd Group.
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