Punj Llyod gains on foraying into Kenya market with road project

23 Dec 2011 Evaluate

Punj Llyod is currently trading at Rs. 41.30, up by 1.30 points or 3.25% from its previous closing of Rs. 40.00 on the BSE.

The scrip opened at Rs. 40.90 and has touched a high and low of Rs. 41.90 and Rs. 40.35 respectively. So far 3,43,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 117.40 on 04-Jan-2011 and a 52 week low of Rs. 37.05 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 41.90 and Rs. 37.05 respectively. The current market cap of the company is Rs. 1,370.00 crore.

The promoters holding in the company stood at 37.16% while Institutions and Non-Institutions held 23.59% and 39.25% respectively.

Punj Llyod’s group has forayed into Kenya market with the Loruk-Borpelo Road project. The company has entered into joint venture agreement with Intex Construction, a local construction company in Kenya, for execution of the project of Kenya Highways Authority.

The contract value for this project is Rs 285 crore. The project which entails construction of 62 km road is located at a distance of 300 km north of Nairobi. Meanwhile, the duration of the project is 30 months.

In addition, Punj Llyod has also won its maiden SEZ project in Gurgaon, at ASF Insignia IT at Gwalpahari, Faridabad-Gurgoan Road, Haryana worth Rs 81 crore. The project has been awarded by Canton Build well and the scope of the project  includes the civil, structural work and external development for construction of building B3 including  three level basement, the ground floor and 17 storeys, with the built-up of about 11.5 lacs square feet.

Punj Lloyd Share Price

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