Punj Lloyd soars 12% on order wins worth Rs 348 crore

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26 Aug, 2025 12:21

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Shares of Punj Lloyd soared over 12 percent intraday on Monday after the company received orders worth Rs 348 crore. The company received two orders in its vertical pipelines and tankages. The orders have been awarded by Mundra LPG Terminal for EPCC of refrigerated double wall storage tanks and mounded bullets for its LPG Terminal at Mundra for Rs 139 crore. The second order was from Mumbai Port Trust for installation of offshore/onshore pipeline and terminal work for fifth oil berth at Jawahar Dweep in Mumbai Harbour worth Rs 209 crore, the company informed in a notification to the exchanges.Meanwhile, the firm had narrowed its net loss to Rs 231.8 crore in October-December quarter from Rs 309.3 crore in year-ago quarter, aided by operational performance. Revenue during the quarter declined 1.1 percent to Rs 996.8 crore compared with Rs 1,007.8 crore in same quarter last year.The company's stock has witnessed strong movements in the past one month, posting a jump of over 11 percent. In the past three days, the stock soared 12 percent. At 14:26 hrs Punj Lloyd was quoting at Rs 22.40, up Rs 2.30, or 11.44 percent on the BSE. It touched an intraday high of Rs 22.70 and an intraday low of Rs 20.05.