 "Punj Lloyd gains on winning pipeline contract in Turkey")
Shares of Punj Lloyd were up over 6% at Rs 25.55 on the BSE after the company said it has won the 459km of the 48" diameter Trans Anatolian Natural Gas Pipeline (TANAP) in Turkey worth Rs 2,780 crore (US$ 409 million) in joint venture with Limak (50-50) share.
Punj Lloyd's value of the project amounts to Rs 1,390 crore (USD 204 million). TANAP will be built to transport natural gas emanating from the South Caucasus Pipeline Company pipeline in Georgia and terminating into the Trans-Adriatic Pipeline in Greece.
The stock opened at Rs 24.05 and touched a high of Rs 26.15. At 11:35am, over 2.8 million shares were traded on both the stock exchanges.
