The liquidator of Punj Lloyd had moved an application before the NCLT, seeking extension of the deadline as it is currently executing various projects, which are critical for the nation's growth and safety, like projects with NPCIL and NHAI
Confirming the development, Punj Lloyd said in a regulatory filing that the company was waiting for the copy of the full order to provide further details.
The company, as part of its financial restructuring to pare debt and strengthen balance sheet to better equipped for bidding new projects, had submitted a scheme of restructuring with its lenders.
The stocks that hit new 52-week low on the NSE were ABG Shipyard, Gayatri Highways, Punj Lloyd, IL&FS Transportation Networks, Nagarjuna Fertilizers, Raj Rayon Industries and Rolta India, among others
The tribunal has directed both the petitions to list on October 9, when it would hear similar matter in which leading private sector lender ICICI Bank has filed insolvency plea against Punj Lloyd.
Total expenses too rose to Rs 1,339.08 crore as against Rs 1,286.22 crore earlier.
The bank has pleaded to initiate proceedings under the Insolvency & Bankruptcy Code (IBC).
"The company has been awarded a contract worth Rs 505.22 crore for six/four Laning of NH 5 (New NH 16) from Puintola to Tangi in Odisha," the company said in a filing to BSE.
Total income rose to Rs 1,135.57 crore during the quarter, as against Rs 1,011.10 crore in the year-ago period.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.
Punj Lloyd received orders from GAIL India for construction of pipeline and NHAI for road project.
In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC (India) spoke about the Bharatmala Project.
"Punj Lloyd has won a prestigious order worth Rs 120 crore for the supply and commission of five full body truck scanners (FBTS) from the Ministry of Home Affairs," the conglomerate said.
The NHAI has awarded its first international project in Myanmar to Punj Lloyd joint venture.
The project worth USD 822 million, was awarded by Petronas for the construction of 512 km, 36 inch dia pipeline for transporting gas from Sabah oil and gas terminal to the Petronas LNG complex at Bintulu, Sarawak.
In an interview to CNBC-TV18, Atul Punj, Chairman of Punj Lloyd spoke about tackling the NPA mess.
The JV company Punj Lloyd Raksha Systems will be manufacturing small arms in the above plant for the Indian Defence Forces and also for export.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Indiabulls Real Estate, Sun Pharmaceutical, Unichem Lab, Dr Reddys Laboratories, Natco Pharma, Punj Lloyd, Reliance Defence and DCB Bank.
With this order, the group's order backlog stands at Rs 19929 crore.
"Dayim Punj Lloyd Construction Contracting Company (DPLL), a subsidiary of the company, has been awarded an EPC contract... in Yanbu, Saudi Arabia, worth Rs 312 crore, by the Yanbu Aramco Sinopec Refining Company Ltd (YASREF) in Saudi Arabia," Punj Lloyd said in a BSE filing.
On March 17, 2017 Goldman Sachs Singapore Pte bought 18,32,089 shares of Punj Lloyd at Rs 20.34 on the NSE.
Infrastructure company Punj Lloyd today said it has won Rs 348 crore projects, including Rs 139 crores order from Adani and Rs 209 crore pipeline contract from Mumbai Port Trust.