Shares of Punj lloyd surged 10 per cent to touch its highest permissible trading limit for the day after the firm secured an order worth Rs 3,515 crore from PRPC Refinery and Cracker, a subsidiary under the PETRONAS group. Punj lloyd’s scrip soared 9.88 per cent to Rs 40.60 -- its upper circuit limit.
At the NSE, the stocks climbed 9.91 per cent to Rs 40.50. In a filing to the BSE, the firm on Monday said it has secured Rs 3,515 crore Rapid Tank Farm order from PRPC Refinery and Cracker, a subsidiary under the PETRONAS group, Malaysia’s national energy company. The Tank Farm is part of PETRONAS’ refinery and petrochemical integrated development (RAPID) project in Pengerang, Malaysia, it said.