Punj Lloyd announced that a wholly owned subsidiary of the company, Sembawang Engineers and Constructors Pte, won a contract worth Rs 12.72 billion from Land Transport Authority of Singapore.
Under the terms of contract, Sembawang E&C will be constructing the Bayfront station which is key to the downtown line as it serves the mega Marina Bay Sands Integrated resort. Sembawang E&C will be responsible for the underground construction of Bayfront station and two pairs of tunnels for Downtown Line Stage 1. This includes architectural, civil and structural works.
Shares of the company gained Rs 36.25, or 7.63%, to trade at Rs 511.25. The total volume of shares traded was 771,422 at the BSE.(1.18 pm ,Friday)
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