Punj Lloyd

Debt-ridden engineering, procurement and construction company Punj Lloyd, which is facing liquidation, has again failed to attract any buyer in the second round of e-auctions conducted by its liquidator. The second round of e-auction was conducted on the directions of the National Company Law Tribunal (NCLT) at a reserved price of Rs 1,061 crore on a going concern basis, according to a regulatory filing by the company secretary. "...e-auction notice dated July 24, 2023 made pursuant to Asset Sale Process Memorandum (ASPM) for the second e-auction- Punj Lloyd Ltd (in liquidation), announcing the sale of Punj Lloyd Ltd at the Reserve Price of Rs 1,061 crore ongoing concern basis undergoing liquidation pursuant to order dated May 27, 2022 of NCLT, New Delhi, Principal Bench, has failed to attract any bidder," the filing said. In July, Punj Lloyd had failed to get any buyer in the first round of e-auctions conducted by its liquidator. A reserve price of Rs 1,061 crore was fixed for Pun

The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007

These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period

Punj Lloyd on Thursday said it is making efforts to make up for the lost time due to the Covid-19 pandemic

To test the waters, Kejriwal says they'll bid for smaller projects worth Rs 50-250 crore

Punj Lloyd has total debt of around Rs 6,000 crore, in which ICICI Bank has debt of around Rs 854 crore

Punj Lloyd's income from operations in the October-December period declined to Rs 511.04 crore

Total income from operations declined to Rs 7.66 billion in the second quarter, from Rs 10.86 billion earlier, Punj Lloyd said in a BSE filing

Achievement comes on the heels of Sikkim Greenfield Airport inauguration where Punj Lloyd carved out the runway at the altitude of 4,700 ft in the mountains

Total income from operations rose marginally to Rs 1,086 crore from Rs 1,024 crore in the year-ago period

Polysilicon is the key raw material used in 90% of world's solar modules

The total expenses stood at Rs 1,018.46 crore during the quarter

Net sales of the company during the quarter ended June was at Rs 887.57 crore, up 40% from the year-ago period

At NSE, shares of the company soared 6.83 per cent to Rs 21.10

A UK court has directed the company to pay a sum of US$ 26,173,659.16 (plus summary assessment costs amounting to British pounds 75,000), to IFC

Despite loss, shares of diversified international conglomerate closed 1.40% up at Rs 21.70 on BSE

The company, however, did not disclose any information about their successors

The order is for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen