Monday 8 September 2014

Punj Lloyd surges 10% on Rs 3515 crore order win


BSE Code - 532693
Face Value - Rs 2.00
Group - BSE 'B'
Shareholding pattern - (a)Promoters - 37.16%
                                   (b)Institutions - 14.21%
                                  (c)Non-Institutions - 48.63%
One year High-Low - Rs 60.85 - Rs 21.90
     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 Group, the global, diversified EPC giant has won Rs 3,515 crore RAPID Tank Farm order from PRPC Refinery and Cracker Sdn. Bhd,  a subsidiary under the Potroliam Nasional Borhad (PETRONAS) group, Malaysia’s national energy company.
     The Tank Farm is part of PETRONAS’ Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang, Johor, Malaysia. Developed within a 6,242-acre site, RAPID is part of the colossal PETRONAS Pengerang Integrated Complex (PIC) development, along with RAPID's associated facilities including the Pengerang Co-generation Plant (PCP), Re-gasification Terminal 2 (RGT2), Air Separation Unit (ASU), Raw Water Supply Project (PAMER), Crude and Product Tanks (SPV2) and central and shared Utilities and Facilities (UF).
     Punj Lloyd’s scope of work in the RAPID Tank Farm project includes Project Management, design, engineering, interface with other contractors and third parties, procurement, construction, inspection and testing, pre-commissioning and commissioning. The RAPID Tank Farm will be a critical project requiring expertise in the construction of different types of tanks including storage tanks, LPG tanks, mounded bullets, Light Cracked Naphtha storage, transfer pumps and additive packages.
     Stock is currently trading at Rs 40.60, up by 3.65 points from its previous closing of Rs 36.95 on the BSE.

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