In 2019, ICICI Bank had dragged Punj Lloyd to the NCLT after it defaulted on loan repayments worth Rs 800 crore
Engineering business grew by 6.3 percent year-on-year to Rs 922.5 crore but traded goods segment registered a degrowth of 47.3 percent at Rs 69 crore in the quarter gone by.
The company had posted a net loss of Rs 148 crore for the October-December quarter of 2014-15, it said in a BSE filing.
The 42-week programme is said to be one-of-its-kind in the country comprising a 52-week course with an annual fee structure of Rs 9 lakh. The programme is scheduled to start from January 29 next year at ISB with campuses at Mohali and Hyderabad.
Talking about the business outlook in defence, Atul Punj, Chairman, Punj Lloyd said core investments of around Rs 180-200 crore are already in place.
Infrastructure major Punj Lloyd has received shareholders' approval for taking term loans up to Rs 1,500 crore with the condition that the lenders can get the debt converted into equity shares in case of a default.
The delegation will be a part of the official engagements of the minister in the US, Ficci said in a statement. Jaitley will embark for the visit on Tuesday during which he will meet US Treasury Secretary, foreign institutional investors and industry leaders.
In an interview to CNBC-TV18‘s Shereen Bhan, Sunil Munjal, Joint MD of Hero MotoCorp, Sumant Sinha, Chairman of ReNew Power, Anshuman Magazine, CMD at CBRE (South Asia) and Atul Punj, Chairman of Punj Lloyd gave their take on Arun Jaitely‘s Union Budget 2015.
Total income from operations of the company during the July-September period declined to Rs 1,273.25 crore compared to Rs 2,222.44 crore in the corresponding quarter of last financial year. Total expenses of the company came down to Rs 1,468.44 crore as against Rs 2,038.80 crore in the same quarter last fiscal.
Speaking to CNBC-TV18, Atul Punj, chairman of Punj Lloyd said, the company’s focus will be on reducing debt for the next three-six months. He further said the company’s order backlog is now built to a level where it provides "clear visibility for the next two years."
Looking at strengthening its position in rapidly growing Africa, infrastructure firm Punj Lloyd has bid for projects there and expects business worth USD 2 billion (Rs 9,000 crore) over two years from the continent.