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Punj Lloyd bags order worth `678cr
Punj Lloyd has bagged an EPC nuclear power contract from NPCIL worth `678cr for
critical nuclear piping work at four pressurized heavy water reactors of 700MWe each. The
scope of work includes engineering, procurement, erection and commissioning of nuclear
equipment and piping for all the systems inside the nuclear reactor buildings. The contract
is expected to be completed in four years. With this order the total outstanding order book
stands at ~`24,373cr (3.0x FY2011 revenues). Owing to the uncertainty over receivable
claims and overhangs on the stock because of lack of clarity on various issues (execution,
margin and Libyan projects) and slowdown in order inflow, we maintain our Neutral view
on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Punj Lloyd bags order worth `678cr
Punj Lloyd has bagged an EPC nuclear power contract from NPCIL worth `678cr for
critical nuclear piping work at four pressurized heavy water reactors of 700MWe each. The
scope of work includes engineering, procurement, erection and commissioning of nuclear
equipment and piping for all the systems inside the nuclear reactor buildings. The contract
is expected to be completed in four years. With this order the total outstanding order book
stands at ~`24,373cr (3.0x FY2011 revenues). Owing to the uncertainty over receivable
claims and overhangs on the stock because of lack of clarity on various issues (execution,
margin and Libyan projects) and slowdown in order inflow, we maintain our Neutral view
on the stock.
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