Punj Lloyd bags contract worth 312 crore stock surges nearly 4%

Dayim Punj Lloyd Construction Contracting Company Ltd., (DPLL), a subsidiary of Punj Lloyd Limited, a global EPC conglomerate has received an EPC contract - ‘Clean Fuels Interfacing Facilities Project' on LSTK basis in Yanbu, Saudi Arabia worth INR 312 crore from the Yanbu Aramco Sinopec Refining Company Limited (YASREF) in Saudi Arabia.

The objective of the project is to interface YASREF with the Aramco Yanbu Refinery to supply low sulphur clean transportation fuel – diesel and gasoline for domestic distribution.

Stocks of Punj Lloyd surged as much as 4%, post the announcement.

At 11.50 am on Monday, stock of Punj Lloyd was trading at Rs  23.20, up by Rs 0.60 or 2.65% on the BSE.

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