Punj Lloyd up 8%; bags Rs 666 cr order, co aims to cut debt

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26 Aug, 2025 12:21

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Shares of Punj Lloyd jumped 8 percent after it has bagged a Rs 666 crore contract for the 90.58 km Asian Highway project from the Ministry of Road Transport, a cooperative project for improving transport facilities in 32 Asian nations and providing road links to Europe.

“The scope of work includes rehabilitation and upgrading of Bhutan border at Pasakha to Bangladesh border at Changrabandha comprising Jaigaon, Hasimara, Dhupguri section and Mainaguri-Changrabandha section,” the company statement said.

This contract includes the proposed Pasakha access road of length 6.55 km, bypass to Jaigaon and Hasimara in West Bengal, it added. The project is scheduled for completion in 30 months.

In an interview to CNBC-TV18, JP Chalasani, Managing Director & Group CEO said that the company is targeting claims reduction of Rs 3000 crore. He also said that the company is looking to reduce debt by 40 percent and is seeing some traction in the slow moving orderbook in Libya.

“Right now our concentration is mainly to reduce debt, optimisation of the debt is step number two. We want to concentrate one at a time on it. First reduce the debt, reach an optimal level then start doing debt optimisation so that we can further reduce our interest cost,” he added.

At 14:29 hrs Punj Lloyd was quoting at Rs 40.15, up Rs 1.90, or 4.97 percent on the BSE.

Posted by Nasrin Sultana