Punj Lloyd rose 4.57% to Rs 25.15 at 14:45 IST on BSE after the company said it has received two rural electrification contracts totalling Rs 483 crore from NTPC.
The company made announcement during market hours today, 19 November 2015.
Meanwhile, the BSE Sensex was up 265.51 points, or 1.04%, to 25,748.03.
On BSE, so far 6.51 lakh shares were traded in the counter, compared with an average volume of 4.81 lakh shares in the past one quarter.
The stock hit a high of Rs 26 and a low of Rs 24.25 so far during the day. The stock hit a 52-week high of Rs 42.45 on 28 November 2014. The stock hit a 52-week low of Rs 20.75 on 20 May 2015.
The stock had underperformed the market over the past one month till 18 November 2015, falling 14.87% compared with 6.36% fall in the Sensex. The scrip had also underperformed the market in past one quarter, dropping 13.33% as against Sensex's 8.44% decline.
The small-cap company has an equity capital of Rs 66.42 crore. Face value per share is Rs 2.
Punj Lloyd said that it has received two rural electrification contracts totalling Rs. 483 crore NTPC for Puri and Koraput districts of Odisha under the Rajiv Gandhi Grameen Vidyutkaran Yojna of 12th Plan. The scope of work for these projects includes supply and erection for the rural electrification work for construction/augmentation of substations, installation of distribution transformers and providing service connections to below poverty line (BPL) consumers around the district. With this the company has received four transmission & distribution (T&D) orders with a cumulative value of approximately Rs 1000 crore in Q3 December 2015.
The group's order backlog stands at Rs 20283 crore. The order backlog is the unexecuted orders as on 30 September 2015 plus new orders received after that date.
Punj Lloyd posted net loss of Rs 283.20 crore in Q2 September 2015, higher than net loss of Rs 263.51 crore for Q2 September 2014. Net sales decreased 20.4% to Rs 1003.83 crore in Q2 September 2015 over Q2 September 2014.
Punj Lloyd is a diversified international conglomerate offering engineering, procurement and construction (EPC) services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.
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