Punj Lloyd soars on hopes of resuming work in Libya

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Punj Lloyd soars on hopes of resuming work in Libya

This article was posted on Jul 2, 2012 and is filed under Press Releases

Plans to resume work next month in the North African nation where it has $800 million (Rs 4,400 crore) worth of projects

Punj Lloyd has soared 6% to Rs 51.70, extending its Friday’s 4% gain, on hopes of resuming work on pending projects in Libya.

“The company, backed by Warburg Pincus LLC, plans to resume work next month in the North African nation where it has $800 million (Rs 4,400 crore) worth of projects,” the report suggests quoting company’s Chairman Atul Punj

Source: Business Standard

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