Posts filed under 'Infrastructure'
New Delhi, January 29, 2010: Punj Lloyd Group, a global engineering, procurement and construction (EPC) conglomerate today announced an EPC contract of over Rs 1100 crore from GMR Hyderabad Vijayawada Expressways Private Limited for 116.5 km of National Highway No 9.
National Highways Authority of India (NHAI) had earlier awarded the project on a Build, Operate and Transfer (Toll) basis to GMR Hyderabad Vijayawada Expressways Private Limited.
Punj Lloyd will be widening the highway from two to 4/6 lanes along with 38 km of service roads. The scope of work will also include construction of 2 major bridges, 32 minor bridges, 174 culverts, and 31 vehicular, pedestrian & cattle underpasses, apart from 66,000 Sq M of reinforced earth retaining wall.
Hyderabad and Vijayawada are important commercial hubs of Andhra Pradesh and this project will help boost trade and commerce in the region. In addition to increasing the direct connectivity between these two major cities of the State, Kolkata and Bangalore will also have improved connectivity consequent to the implementation of this highway.
Commenting on the new project, Mr. B S Kapur, President & CEO - Infrastructure, Punj Lloyd, said, “We are committed to the Government’s vision of developing world-class highways in India. We will deliver to the country and the State of Andhra Pradesh, a reliable, high quality infrastructural solution that will be a model showcase for future projects. ”
Punj Lloyd, a diversified global conglomerate providing Engineering & Construction services in Oil & Gas, Infrastructure and Petrochemicals, with interests in Defence, Aviation, Marine and Upstream sectors, has a significance presence in highway construction. Punj Lloyd embarked on its first road project in March 1999 and has come a long way in these years by completing many highway projects falling under the Golden Quadrilateral and East West Corridors for NHAI. Its completed projects include coastal roads in Andhra Pradesh, Jaipur Bypass and a major section of Kota-Udaipur in Rajasthan, Sasaram-Mohania road in Bihar, Belgaum-Maharashtra road in Karnataka and five highway projects in Rajasthan. Six road projects in Assam awarded by NHAI are in progress.
With this contract, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 24,536 crore. This is the total value of unexecuted orders as on December 31, 2009 and new orders received after that day.
About Punj Lloyd:
Punj Lloyd (BSE SCRIP ID: PUNJLLOYD, NSE SYMBOL: PUNJLLOYD) is a globally diversified conglomerate providing engineering, procurement and construction services in Oil & Gas, Petrochemical and Infrastructures sectors, with interests in aviation, defence and marine. Known for its capabilities in delivering mega projects ‘ontime,’ thereby ensuring repeat customers, the Group possesses a rich experience of successfully delivered projects across the globe, while maintaining the highest standards of health, safety, environment and quality (HSEQ). Further information about the Group is available at www.punjlloydgroup.com
For further information, please contact: Payal Raj/ Bhaskar Majumdar / Vikram Mahajan, Vaishnavi Corporate Communications, 09818849103/ 09811194244 / 9810225845, praj@vccpl.com/ Bhaskar.majumdar@vaishnaviadvisory.com or Louise Sharma/Bhavna Dayal: louise@punjlloyd.com/ bhavnadayal@punjlloyd.com
January 29th, 2010
Order inflow registers healthy growth of 47%; Order Book reaches Rs.81623 crore; Profit after Tax rises 26%; Operating Margin improves to 10.6%
Mumbai, October 22, 2009: Amidst positive sentiments building up within and outside the country, the Engineering and Construction conglomerate Larsen & Toubro, registered a healthy growth in Order Inflow for the quarter ended September 30, 2009 aggregating to Rs. 18365 crore. Order Inflow grew 47% over the corresponding quarter of the previous year.
gross sales revenue of the company stood at rs. 7936 crore for the quarter. the corresponding quarter of the previous year had sales of rs. 275 crore from ready mix concrete (rmc) business which was divested during the second half of the previous year. excluding the sales from rmc business, sales for the quarter grew by 6%. the subdued growth in sales was mainly due to delay in clearances from the clients in case of a few project orders in infrastructure sector, and also due to lower off-take of industrial products and machineries during this period.
The Company’s Order Book stood at Rs. 81623 crore, registering an increase of 30% y-on-y.
Judicious de-risking strategies coupled with efficient treasury operations have enabled the Company improve the Operating
Margin to 10.6% for the quarter over 9.3% for the corresponding quarter of the previous year.
Profit after Tax (PAT) from normal operations at Rs. 568 crore grew 23.5% y-on-y. Including the net gain from exceptional items, PAT for the quarter increased by 26% as compared to the corresponding quarter of the previous year.
Engineering & Construction Segment
Buoyed by the accelerated infrastructure-building initiative of the Central Government, the E&C Segment reported a healthy growth in Order Inflow at Rs. 17004 crore during the quarter. Large Orders from the Hydrocarbon & Power sectors enabled the Segment to register a record 63% growth in Order Inflow y-on-y.
The Segment’s proven capability to execute mega projects within stiff timeline and challenging cost target, helped it win new orders in the fiercely competitive environment.
The Segment recorded Gross Customer revenue of Rs. 6702 crore during the quarter, which translates into an increase of 11.5% y-on-y. This revenue growth was in line with the plan for the quarter, considering the skewed order Inflows in the earlier quarters and delay in project clearances and financial closure of a few infrastructure sector orders.
Continuing its past track record, the Segment was able to maintain its Operating Margin at 11.3% for the quarter. The Segment’s Operating Margin for the six-month period ended September 30, 2009 stands at an improved 11.6% vis-à-vis 11% registered during the same period of the previous year.
The Segment Order Book stood at Rs. 79857 crore as at September 30, 2009.
Electrical & Electronics Segment
The Segment witnessed some recovery in the otherwise sluggish demand for its products, in line with the infrastructure spending ramp up and revival of core industrial sectors. Gross Customer revenue of the Segment for the quarter at Rs. 693 crore was marginally lower when compared with the revenue of the corresponding quarter of the previous year. However, the segment succeeded in improving its Operating Margin by 4 percentage point to 17.1%, due to lower input prices and better product-mix.
Machinery & Industrial Products Segment
Gross Customer revenue of the segment for the quarter remained subdued at Rs. 501 crore on the back of depressed demand for industrial products and equipment. Though recovery signs were seen in the construction equipment business, margins were under strain due to intense competition and persistent demand of customers for higher discounts in prices.
Outlook
The economy has started showing signs of recovery providing the much needed boost to the investment climate and spurring the demand for capital goods. The recently available data on Index of Industrial Production bear a testimony to this improving growth trajectory. The Infrastructure sector is seeing Government’s deep commitment to encourage fast-track development and attract private investment. The Power sector is also witnessing increasing investment interest from the private sector. The hardening crude oil price in the recent times augurs well for new opportunities in the hydrocarbon sector as also revival of infrastructure development in the Gulf where the Company has a significant presence.
The Company is well poised to exploit these emerging opportunities to the fullest extent.
Media contact: Piyali Ghosh, Adfactors PR Pvt Ltd, 302, Dega Towers, Above Digital Shoppy, Rajbhavan Road, Somajiguda,Hyderabad-82, Tel: 040-66103103, Tel/Fax: 040-66106106, Email: piyali.ghosh@adfactorspr.com
October 23rd, 2009
Thursday, August 28, 2008 1:32:57 PM IST
Stocks continued their down trend though the overall breadth is flat. Sensex is trading at 14213 levels down 83 points while NSE Nifty is at 4274 down 0.42%
CNX IT and Bank Nifty dipped more into the red. CNX IT is down 0.40% while Bank Nifty is down 0.86%. Cairn is up 3%. Sterlite Industries is marginally in the green. Hindalco recovered a bit but not enough to bring it to green. The script is down 3.53%.
Realty, Capital Goods, Banks are worst performers on the BSE Sectoral indices list so far today.
A leading brokerage company was giving a “Neutral” rating on L&T in its recent report. The house says L&T would report a profit of Rs 26.7b (up 29.3% YoY) in FY09 and Rs32.2b in FY10 (up 20.5% YoY). This means that the EPS will be Rs 91.4 per share and Rs 110 per share for the two period respectively. L&T’s capacity expansion plans, entry into new business areas (by setting up of Railway Business Unit etc.), increasing growth in GCC countries and thereby its global footprint and technology tieups with global majors (such as Mitsubishi Heavy
Industries) help the continue to drive its growth plans.
L&T is one of the most widely held stock by the Mutual Funds and is considered a must have script in any portfolio. The script is currently trading at 2527 levels. Its 52 week high price is 4690.00 and 52-week low price is 2101.00. Most other market firms are either putting a “Hold” or a “Neutral” rating for the stock.
1 U.S. dollar = 43.5255 Indian Rupees
1 U.S. dollar = 108.9087 Japanese Yens
1 U.S. dollar = 0.6770 Euros
1 Ounce Gold = $834.20
1 Barrel Crude Oil = $119.02
August 28th, 2008
Wednesday, August 27, 2008 1:48:52 PM IST
Attempts by market to recover were subdued in the last hour of trade. The Nifty is now at 4336.7 down 0.02%. IT stocks made a little recovery. BSE Sensex is at 14449.42 down 32.8 points. Punj Lloyd is trading at 287.10
CNX IT is up 0.46% while Bank Nifty is down 0.35%
Top Nifty gainers include Dr. Reddy, GAIL (both up over 3%), SAIL (up over 2%), Sun Pharma, Tata Steel, Hero Honda, Punjab National Bank, Hindalco, Power Grid and Infosys Technologies (all up over 1%)
On the losing side of Nifty are DLF, Tata Power, ICICI Bank, BHEL (all down over 1%), TCS, Reliance Infra, National Aluminium, HDFC Bank, Reliance Communications and Reliance (all marginally down)
Realty, Bankex, Power, FMCG and Oil & Gas remain to be the losing secotral indices on the BSE. IT, Consumer Durables, Health care are up.
Punj Lloyd in a tie up with an Italian company Saipem is planning to bid for the Singapore’s Liquefied Natural Gas (LNG) terminal. The project needs to be commissioned by 2011 and is worth $1 billion.
Punj Lloyd plans to execute the project through its Singapore subsidary. Punj Lloyd will be competing with three other global players for this project. The Engineering procurement and construction company has reasonably good experience in LNG projects. With a good order book in hand, the company is poised to be a leading player in various segments it is tragetting by 2011-12.
Punj Lloyd is trading at 287.10. Its 52-week high price is 656.00 while its 52-week low price is 183.25
1 U.S. dollar = 43.5312554 Indian rupees
1 U.S. dollar = 108.968072 Japanese yen
1 U.S. dollar = 0.680920605 Euros
1 Ounce Gold = $829.80
1 Barrel Crude Oil = $116.97
August 27th, 2008
Thursday, August 14, 2008 3:08:56 PM
Punj Lloyd is a company into the construction business. The company has good order book for the next 2 years or so and is well poised to take advantage of nuclear-related construction projects considering its subsidary has experience in setting up nuclear plants in the US.
The script is current trading at 276.60 on BSE. It has a 52-week high of 589.10 and 52-week low of 191.40
Its market cap is at 8393.76, P/E is 29.52 and EPS (TTM) at 9.37.
Many analysts are giving buy calls to the script with a target of Rs. 467
August 14th, 2008
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