Punj Lloyd soars 14%

Punj Lloyd soared 14% today morning to Rs.23.40 and continues to remain in the green. Its 52-week high is at Rs.25.85 and low at Rs.17.70.

The stock price rose on its announcement that it has received two orders; one is worth Rs.276 crore from Gail and the other is worth Rs.1777 crore from NHAI.

The GAIL order is for constructing and laying of steel pipeline along with associated facilities for Dhamra-Angul
Section of Jagdishpur-Haldia-Bokaro-Dhamra.

The NHAI order is for upgradation of Yargi- Kalewa Road section in Myanmar to two lane with Earth shoulders on EPC mode. This is in JV with Varaha Infra.