We are seeing a lot of activity on the counters of Punj Lloyd over the past few days. The stock has surged 10% at Rs.40.60 today, breaching the upper circuit.

The reason for this surge is a new order. In a Press Release issued by the company today morning, the company has said that it has bagged a huge Rs.3,515 crore order for Rapid tank farm from PRPC Refinery and Cracker, which is a subsidiary under the Petroleum National Berhad (PETRONAS) group, Malaysia’s national emergency group.

The company has stated that after this order, the entire group’s order backlog stands at Rs.24,679 crore.