Punj Lloyd has been awarded a contract worth ₹806.11 crore for six-laning of NH 5 (new NH 16) from Tangi to Bhubaneshwar in Odisha on EPC basis by the National Highways Authority of India.
The construction period is 730 days from the ‘Appointed Date’, to be notified by the NHAI after fulfilment of certain conditions precedent. A couple of days ago, the company had bagged similar orders worth ₹505.22 crore. Shares of Punj Lloyd tumbled 3.43 per cent at ₹16.90 on the NSE.