Punj Lloyd bags order from UAE

PunjLloydPunj Lloyd Ltd, a leading infrastructure solution provider, has bagged a contract worth USD 40 million from Abu Dhabi Gas Industries. The project is aimed to implement some engineering, procurement and construction (EPC) projects.

The company, in a submission before the Bombay Stock Exchange (BSE), said that its net profit stood at Rs. 117.49 crore reporting an increase of 31.5%. Its sales too rose 18.2% to stand at Rs. 2116.60 crore during the third quarter of the financial year 2009.

The announcement by the company, known for engineering, designing and project management services, to win order have had positive impact over stocks of the company that surged 1.16 per cent to close at Rs. 174.30 on the Bombay Stock Exchange (BSE) in the early hours of the trading after hitting an intraday high of Rs. 175.40 and a low of Rs. 173.10.