Punj Lloyd surges as its JV bags pipeline contract worth Rs 2,780 crore

28 Jan 2016 Evaluate

Punj Lloyd is currently trading at Rs. 25.65, up by 1.60 points or 6.65% from its previous closing of Rs. 24.05 on the BSE.

The scrip opened at Rs. 24.05 and has touched a high and low of Rs. 26.15 and Rs. 24.05 respectively. So far 6,48,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 40.75 on 28-Feb-2015 and a 52 week low of Rs. 20.75 on 20-May-2015.

Last one week high and low of the scrip stood at Rs. 26.15 and Rs. 23.45 respectively. The current market cap of the company is Rs. 851.83 crore.

The promoters holding in the company stood at 36.93% while Institutions and Non-Institutions held 9.70% and 53.37% respectively.

Punj Lloyd has won 459 km of the 48' dia TANAP Gas Pipeline in Turkey worth Rs 2,780 crore ($409 million) in Joint Venture (JV) with Limak (50:50 share). The contract is awarded to the JV by TANAP Dogalgaz iletim A.S. The company’s value of the project amounts to Rs 1,390 crore ($204 million).

TANAP, The Trans Anatolian Natural Gas Pipeline Project, will be built to transport natural gas emanating from the South Caucasus Pipeline Company (SCPC) pipeline in Georgia and terminating into the Trans-Adriatic Pipeline (TAP) in Greece.

Punj Lloyd’s scope of the present project (Lot 4) is the second phase of construction from the new Eskisehir Compressor station to the tie-in point of the Trans Adriatic Pipeline (TAP). The proposed natural gas pipeline is of 48' diameter and 459 km in length. The scope also includes 10 Block Valve Stations, Pigging facility (two within Compressor stations, two at pigging stations) and Tie-ins with Metering Stations.

Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.


Punj Lloyd Share Price

2.23 0.00 (0.00%)
06-Oct-2022 18:01 View Price Chart
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