Punj Lloyd bags Rs 367 cr contract from IOC

Punj Lloyd today said it has bagged Rs 367 crore contract from Indian Oil Corporation at Paradip Refinery in Odisha.
The company in a filing to the BSE said that it won an "EPCC contract at Paradip Refinery, Odisha, from Indian Oil Corporation Ltd (IOCL) for value of Rs 367 crore".
"We are proud to secure our second order in Paradip Refinery ... The first order being executed IOCL at Paradip comprised 12 process units on EPC basis which is now in the final stages of completion," Punj Lloyd President and CEO Process Amit Gupta said.
The company said with this new order, its total order backlog stands stands at Rs 21,833 crore.

Shares of Punj Lloyd were trading at Rs 28.60 apiece, up 6.32 per cent, from their previous close on the BSE.