Even before Punj Lloyd  could announce this news, market grapevine is agog with news its joint venture has won a road project in Myanmar from the National Highways Authority of India. This road project would cost Rs.1177 crore.

The news is that Punj Lloyd would be making nearly 120 km of road within 36 months, which includes 3 major and 2 minor bridges.

The stock exchanges have asked the company to clarify on this news and the clarification is awaited from the management.

Meanwhile the stock price is soaring and it is up 16.5% at Rs.22.50; not too far away from its 52-week high of Rs.28.30.