Shares of Punj Lloyd today surged over 5 per cent after the company announced securing a Rs 666-crore contract for the 90.58 km Asian Highway project from the Ministry of Road Transport.
After surging 8.23 per cent to Rs 41.40 in intra-day session, shares of Punj Lloyd finally ended at Rs 40.15, up 4.97 per cent from previous close on the BSE.
At the NSE, the stock jumped 5.22 per cent to settle at Rs 40.35.
This is a cooperative project for improving transport facilities in 32 Asian nations and providing road links to Europe, Punj Lloyd said in a statement.
"We are proud to be a partner in this cooperative project. Besides creating high quality infrastructure, this development will reduce travel time and more importantly improve safety levels for travellers as it will be built to world-class specification," J P Chalasani, MD and CEO, said.
