The company made this announcement during trading hours today, 21 December 2011.
Meanwhile, the BSE Sensex was up 289.56 points, or 1.91% to 15,464.64.
On BSE, 5.81 lakh shares were traded in the counter as against average daily volume of 7.89 lakh shares in the past one quarter.
The stock hit a high of Rs 39 and a low of Rs 37.35 so far during the day. The stock had hit a record low of Rs 37.05 on Tuesday, 20 December 2011. The stock had hit a 52-week high of Rs 117.40 on 4 January 2011.
The stock had underperformed the market over the past one month till 20 December 2011, falling 22.14% compared with Sensex's 7.31% decline. The scrip had also underperformed the market over the past one quarter, declining 39.74% as against Sensex's 11.25% fall.
The mid-cap engineering and construction company has an equity capital of Rs 66.42 crore. Face value per share is Rs 2.
Punj Lloyd said that the latest contract from ONGC is scheduled to be completed within a period of 14 months.
On a consolidated basis, Punj Lloyd's net profit rose 3.4% to Rs 24.74 crore on 21.4% growth in net sales to Rs 2376.91 crore in Q2 September 2011 over Q2 September 2010.
The Punj Lloyd Group is a diversified international conglomerate offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.
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