Punj Lloyd, engaged into engineering, procurement and construction (EPC), witnessed a sharp rise in share price on Tuesday after it has secured an EPC highway contract worth Rs 6.66 billion from Ministry of Road Transport & Highways (MoRT&H). The contract if for 90.586 km of the Asian Highway (AH) Network, a cooperative project for improving transport facilities throughout 32 nations and providing road links to Europe.

The scope of work comprises rehabilitation and upgrading to 2/4- Lane of Bhutan border at Pasakha to Bangladesh border at Changrabandha comprising Jaigaon, Hasimara, Dhupguri section and Mainaguri- Changrabandha section.

Shares of the company are trading at Rs 40.50, up Rs 2.25, or 5.88% at the Bombay Stock Exchange (BSE) on Tuesday at 9:59 a.m.

The scrip has touched an intra-day high of Rs 41.40 and low of Rs 39.50. The total volume of shares traded at the BSE is 455,618.