This is one company which has been advertising extensively on television, even in these difficult times of a slowdown. But one look at the second quarter performance of the company indicates why the company is go gung-ho and foresees no need to cut down on advertising.
For the second quarter ended 30th September 2008, the net sales rose 54% at Rs.2926.05 crore on a YoY. Its EBIDTA was up 77% at
E Mathew is of the view that above Rs 330, Punj Lloyd can touch Rs 350-360.E Mathew told CNBC-TV18, "If one looks at a stock like Punj Lloyd, one would certainly realize that maybe the sell off has been overdone a bit too much. In fact I see an uptrend from around Rs 190-195 zone in it and if the stock now sustains above this Rs 328-330 which is a tough resistance zone, this uptrend could further
Stock : Punj Lloyd CMP : Rs 304.85 Here is an intresting Swing Trade from Punj Lloyd which shows the positive movement 3 day 15 min charts shows that stock has further uptrend above the recent swing high 306.85. And the current swing low is 304.85 as show in the below. Also the stock trades above 20 period EMA and the rising RSI shows signals a bullish call in this stock.
Punj Lloyd Ltd has informed the market that one of its wholly owned subsidiary Company in Singapore has been awarded a contract by FWP Joint Venture, Singapore , the contract is to carry out select utilities mechanical works on Jurong Island,The calue of the contract is 54 Million singapore sollras which is worth around [...]
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Punj Lloyd gained today almost 14.4 percent by 28.30 rs or so after the company informed the market yesterday that they have bagged an order worth Rs 1005 crore from GVK Power for its Govindwal Sahib coal fired thermal power plant project in Punjab.The market was bad yesterday so it dint see a raise yesterday but today [...]
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Punj Lloyd has acquired a 74 per cent stake in UK firm Technodyne International Ltd for an undisclosed amount. Technodyne is a specialist engineering, design and consultancy company specialising in large scale cryogenic and high pressure tanks. [Source]
Punj Lloyd Ltd has informed the market that the Company (i.e. Punj Lloyd Ltd) and its subsidiary Punj Lloyd Pte Ltd., Singapore have been awarded projects worth Rs 1864 crore and Sembawang Infrastructure (India) Pvt Ltd (a subsidiary of Sembawang Engineers and Constructors Pte Ltd, Singapore) has been awarded projects worth Rs 970 million.With the [...]
Punj Llyod informs the market today that it has received order from Tecnimont S.p.A (Italy) worth 288 crores or 68 million us dollar for Borouge 2 Polyolefins Project of Abu Dhabi Polymers Company, UAE.
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Punj Lloyd informed the market today that a consortium led by Punj Lloyd has been awarded the Sabah Sarawak Gas Pipeline Project for an approx. value of $ 500 million by PETRONAS Carigali Sdn Bhd, a subsidiary of Petronas, the State Oil and Gas Major in Malaysia.But no idea may its the market mayhem that has [...]
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Punj Lloyd Ltd has informed that Sembawang Engineers and Constructors Pte Ltd, a wholly owned subsidiary of the Company has won a major contract worth Rs 1272 crore for architectural, civil and...
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A clutch of private equity funds including Warburg Pincus, Blackstone, Avenue Capital and hedge funds DKR Oasis and Kingdom Capital have purchased a total of 11 per cent stake in Punj Lloyd for Rs 814 crore. Warburg Pincus has purchased 5.5 per cent stake while, Avenue Capital has taken over 2.5-3 per cent in Punj Lloyd, which is an EPC contractor concentrated on the oil and gas sector with diversification to infrastructure. Private equity major Blackstone purchased somewhere between 0.5 per cent and 1 per cent in Punj Lloyd, which issued the shares to these global investors via a qualified institutional placement (QIP) issue priced at Rs 275 a share, almost on par with the current market price.
The deal propels the company’’s valuation to nearly Rs 8,000 crore. Moore Capital bought 1-1.5 per cent stake in the Delhi-headquartered construction major. The company issued 29.6 million shares through the QIP issue, managed by Citigroup Global Markets India and Kotak Mahindra Cap
Punj Lloyd Ltd has informed that the Company has signed a Memorandum of Understanding with the Ramprastha Group for the development of multi-storied residential housing through a 50:50 joint venture (JV) of the Company (or its affiliates) and the Ramprastha Group.
The MOU envisages development of residential apartments by the JV in Ghaziabad in approximately 29 acres in Vaishali in the first phase. In the second phase, substantial real estate development is proposed in Indrapuram and Gurgaon, where the Ramprastha Group holds a large land-bank. The Company (or its affiliates) is expected to make an initial investment in the joint venture to the extent of Rs 180 crore and a similar initial investment is planned by the Ramprastha Group.
In this regards the Company has issued following press release:
Punj Lloyd, a global EPC player in the energy and Infrastructure sector, has signed a Memorandum of Understanding with the Ramprastha Group for the development of multi-storied residential hou
Punj Lloyd To Build Nuclear Plants With GE & WestinghousePunj Lloyd Limited (PLL), a global EPC services provider in energy and infrastructure domains, has recorded consolidated income of Rs 5206 crore and consolidated net profit of Rs 196.03 crore for the financial year 2006-07. This is against consolidated income of Rs 1716.60 crore and net profit of Rs 54 crore for FY 2005-06.Punj Lloyd acquired 100% stake of Sembawang Engineers & Constructors during the year, which contributed Rs 2155.20 crore to revenues, Rs 42.40 crore to EBITDA and Rs 28.6 crore to net profit.On a consolidated basis, EBIDTA (Earnings before interest, depreciation, taxes and amortisation) for the fiscal was Rs 489.70 crore as against Rs 222.90 crore in the previous fiscal. The EBITDA margin in FY07 was 8.71 %.The basic and diluted EPS for FY07 stood at Rs 7.44 and Rs 6.91 respectively for Rs 2 paid up share. The board of directors have recommended a dividend of 15% for FY07, subject to the approval of shareho
Punj Lloyd Ltd has informed that Simon Carves Ltd, a subsidiary of the Company, a global EPC services provider in energy and infrastructure domains, has been engaged by the Ensus Group to design and construct the worlds largest wheat based bio-ethanol production facilities. The plant will be the first world scale facility to be built in UK and marks a major step in meeting the EU bio-fuel obligations. The full production from the plant is likely to commence in early 2009, with the construction work starting in the second quarter of this year.The facility will be built at the Wilton International site in Teesside, an integrated petrochemical complex in the North East of England. The project will employ approximately 800 people during the construction phase and approximately 100 people once the plant is fully operational. This facility, will substantially underpin UKs entire target of bio-fuels, once the plant is fully operational.
