Punj Lloyd wins Rs. 730cr order from ONGC - Angel Broking

Punj Lloyd said it has bagged an order worth Rs. 730cr from ONGC for executing a sub-sea pipeline project at Bombay High oil field. The scope of project involves detailed engineering design, surveys, procurement, fabrication, load out, transportation, installation, pre-commissioning and commissioning of 115.5 km rigid submarine pipelines in nine segments.

We continue to maintain our Neutral rating on the stock.

Source : Equity Bulls

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