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Punj Lloyd bags order worth `1,195cr
Punj Lloyd has bagged a balance of plant (BOP) contract for a thermal power plant worth
`1,195cr from Haldia Energy Ltd., a wholly-owned subsidiary of CESC. The scope of work
for the 2x300MW capacity plant entails BOP supply and services and BTG erection along
with detailed engineering of BOP, mechanical, electrical and instrumentation packages.
With this order, the total outstanding order book of the company stands at ~`25,133cr
(3.2x FY2011 revenue). 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 `1,195cr
Punj Lloyd has bagged a balance of plant (BOP) contract for a thermal power plant worth
`1,195cr from Haldia Energy Ltd., a wholly-owned subsidiary of CESC. The scope of work
for the 2x300MW capacity plant entails BOP supply and services and BTG erection along
with detailed engineering of BOP, mechanical, electrical and instrumentation packages.
With this order, the total outstanding order book of the company stands at ~`25,133cr
(3.2x FY2011 revenue). 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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