Punj Lloyd, engaged into engineering, procurement and construction (EPC), has bagged two orders worth Rs 3.48 billion in its vertical Pipelines and Tankages.
The company has bagged first contract from Mundhra LPG Terminal for EPCC (design, engineering, construction and commissioning) of refrigerated double wall storage tanks and mounded bullets for its LPG Terminal at Mundra, worth Rs 139 crore.
The second contract is form Mumbai Port Trust for Installation of offshore, onshore pipeline and terminal work for the 'Fifth Oil (J5) Berth' at Jawahar Dweep in Mumbai Harbour, worth Rs 2.09 billion.
Atul Jain, Director PunJ Lloyd and CEO of the Pipeline and Tankage Division said, "Pipelines and Tankage have been Pun] Lloyd's cote competence. We have rich experience of working with refrigerated/cryogenic tanks. Of the most recent is the LPG Import-Export terminal we built for lndianOilPetronas at Ennore. Construction of the fifth oil berth will enable Mumbai Port Trust meet the additional requirement of crude for oil companies and we are happy to play a valuable role in helping MbPT achieve their objective.
Shares of the company gained Rs 2, or 9.95%, to trade at Rs 22.10. The total volume of shares traded was 1,487,868 at the BSE (2.58 p.m., Monday).