Punj Lloyd – Growth Momentum Continues

Punj Lloyd’s net profit rose 22.06% to Rs 23.18 crore in Q4 March 2007 from Rs 18.99 crore in Q4 March 2006. Sales surged 91.06% to Rs 798.26 crore (Rs 417.81 crore).

Net profit jumped 75.22% to Rs 61.59 crore in the year ended March 2007 (FY 2007) from Rs 35.15 crore in FY 2006. Sales soared 63.63% to Rs 2238.85 crore in FY 2007 from Rs 1368.22 crore in FY 2006. Its consolidated Net Profit is much higher. Check out Punj Lloyd website 🙂

On 14 May 2007, Punj Lloyd had announced that it received a contract worth Rs 122.65 crore from GAIL India for the Panvel-Dabhol pipeline project.

Earlier, on 16 April 2007, the company had secured a contract worth Rs 530 crore to construct a pipeline for Oman Gas Company (OGC) on engineering, procurement & construction (EPC) basis. The project is likely to be completed by October 2008.

Punj Lloyd is one of India’s largest engineering construction companies active in the energy and infrastructure sectors.