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Punj Lloyd CEO, CFO resign; Shiv Punj appointed additional director

Infrastructure major Punj Lloyd today said its group CEO Jayaram Prasad Chalasani and chief financial officer Shamik Roy have resigned from the company

Don't restrict us in defence manufacturing space, private players say

Don't restrict us in defence manufacturing space, private players say

The Indian government has identified six areas that private companies can bid for in the defence manufacturing space under the Make in India drive -- which means replacement of the usual system of tenders and lowest bids -- but stakeholders are upset that they can't participate in more than one sector.

Punj Lloyd enters transmission, distribution segment

Diversified group Punj Lloyd has forayed into the power transmission and distribution sector as it bagged two projects in the segment from Power Grid Corp.

Punj Lloyd to expand defence facility; may invest Rs 2,000-cr

Looking to tap opportunities in defence sector, diversified group Punj Lloyd plans to expand its Gwalior facility and will also explore setting up manufacturing units in various states with an investment kitty of up to Rs 2,000 crore.

Punj Lloyd wins Rs 1,094 cr contract from Indian Oil

Diversified group Punj Lloyd on Monday said it has won a Rs 1,094 crore turnkey contract from Indian Oil Corporation Ltd (IOCL) for work related to its Haldia Refinery.

Punj Lloyd shares tank nearly 17% as Q1 net loss widens

The company had reported a net loss of Rs 363.92 crore for the first quarter of the previous fiscal.

Punj Lloyd bags Rs 477 cr tankage order

Punj Lloyd on Monday said it has bagged Rs 477 crore (USD 75 million) new tankage order from Japan-based Mitsubishi Heavy Industries, taking its order backlog to Rs 22,171 crore.

Punj Lloyd shortlisted for Zu 23 air defence gun upgrade

Infrastructure major Punj Lloyd has been shortlisted by the Defence Ministry for upgrading the Zu 23 air defence gun.

Punj Lloyd gets shareholders nod for term loan up to Rs 1,500 cr

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.

Punj Lloyd posts profit of Rs 268.53 cr

Its total income for the year dipped to Rs 7,252.35 crore during the year from Rs 11,123.32 crore in 2013-14.

Punj Lloyd posts net loss of Rs 148 crore in Q3

The company had posted a net profit of Rs 1 crore for the corresponding quarter of the previous financial year, Punj Lloyd said in a statement.

Punj Lloyd bags Rs 666-cr highway contract

The project is scheduled for completion in 30 months.

Punj Lloyd wins Rs 3,515 crore tankage order in Malaysia

Engineering and construction giant Punj Lloyd on Monday said it has won a Rs 3,515 crore new tankage order from Petronas Malyasia, taking its total orders in 2014-15 to Rs 9,940 crore.

Punj Lloyd shares surge 10% on PRPC Refinery and Cracker order

Punj Lloyd's scrip soared 9.88 percent to Rs 40.60 -- its upper circuit limit.

Punj Lloyd bags Rs 1,270-crore expressway project in Yemen

With this new order, the group's order backlog stands at Rs 23,376 crore.

Punj Lloyd may sell stake in Medanta

Industry sources said Punj Lloyd may be looking at selling its entire 17 percent holding in Medanta to cut its debt.

Punj Lloyd reports Rs 40.41 cr profit in June qtr

Engineering major Punj Lloyd is back in black by clocking a consolidated net profit of Rs 40.41 crore during the first quarter of the current fiscal.

Punj Lloyd to refinance up to Rs 1400 cr debt into dollar loans

At present, the company's profile of debt, and its business locations are not in harmony. While about 65-70 per cent loans of Punj Lloyd's Rs 5,500 crore debt pile is in rupees, 65-70 per cent of its businesses are outside India.

FIPB clears 16 FDI proposals worth Rs 1,647 crore

The government has approved 16 projects envisaging foreign investment worth Rs 1,647 crore, while deferring Punj Lloyd's proposals for lack of security clearance.

Punj Lloyd wins Rs 730-cr order from ONGC

Leading infrastructure firm Punj Lloyd Monday said it has bagged an order worth Rs 730 crore from ONGC for executing a sub-sea pipeline project at Bombay High oil field.