Punj Lloyd Ltd, one of the most dynamic and successful companies in Infrastructure sector in India, has announced that it's Singapore-based subsidiary Simon Carves Singapore Pte. Ltd, has received an order worth Singapore$ 44.70 million from ExxonMobil for engineering-related projects.
The scope of work includes execution of engineering, procurement and construction contract for Jurong Strategic Study project at Jurong Lubes Terminal, Singapore.
Last week, Punj Lloyd Ltd has secured an order worth Rs 303.95 crore for construction related work from Municipal Corporation of Delhi.
Shahina Mukadam, Director of Varun Capital Markets, one of India's leading financial services providers, is of the view that one can pick Punj Lloyd on declines.
The scrip of Punj Lloyd was presently trading at Rs 146 on BSE. The stock had made 52-week high and low of Rs 589 and Rs 127 respectively.
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