Punj Lloyd touches roof on wining arbitration award worth Rs 34 crore

Punj Lloyd touches roof on wining arbitration award worth Rs 34 crore

by admin- Friday, March 15th, 2019 05:20:34 PM

Punj Lloyd is locked at upper circuit restriction of Rs. 2.54, up via zero.12 points or four.Ninety six% from its preceding remaining of Rs. 2.42 on the BSE.

The scrip opened at Rs. 2.Fifty four and has touched a excessive and coffee of Rs. 2.Fifty four and Rs. 2.54 respectively. So some distance 93917 shares have been traded on the counter.

The BSE organization ‘T’ stock of face value Rs. 2 has touched a fifty two week excessive of Rs. 20.00 on 06-Apr-2018 and a 52 week low of Rs. 1.35 on 19-Feb-2019.

Last one week high and occasional of the scrip stood at Rs. 2.Seventy one and Rs. 2.24 respectively. The modern-day market cap of the corporation is Rs. Eighty five.24 crore.

The promoters protecting in the organization stood at 25.45%, while Institutions and Non-Institutions held 6.Fifty nine% and 67.Ninety six% respectively.

Punj Lloyd has gained an arbitration award well worth over $4.Ninety eight million (about Rs 34 crore) with recognize to a mission in Maharashtra. The arbitration award pertained to Heera Redevelopment Project.

The Arbitration Tribunal within the remember of Punj Lloyd & Anr vis Oil & Natural Gas Corporation in recognize of Heera Redevelopment Project, has given an award in favor of Punj Lloyd for an quantity of $4,985,866.37 with hobby at nine percent p.A. From due date until the date of charge/ attention.

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