Punj Lloyd stock up on new contract from ONGC

Posted By:

Punj Lloyd stock up on new contract from ONGC
Punj Lloyd: Quotes, News
BSE 22.70BSE Quote0.35 (1.54%)
NSE 22.70NSE Quote0.25 (1.10%)
Punj Lloyd stock gained after the company informed BSE that it has received an offshore project worth Rs 469 crore from ONGC.

At 1:15 pm, the stock was up by 4.81% or 2.25 points at Rs 49.05 on the BSE.

The project would include designing, engineering, procurement, fabrication, installation of 122 km of submarine pipeline and modification on existing facilities among others, the company said in press release.

With this the company's order book rose to Rs 27,178 crore.

The scheduled time frame for commissioning of the project is May 2013.

On the National Stock Exchange, the stock posted similar gains and was seen up at Rs 49.10.


Read more about: bse, nse, punj lloyd, ongc
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?