In a release to exchanges the engineering conglomerate informed that "the company has secured a 41 km long, Rs 541.84 crore road project from National Highway Authority of India in Bihar."
The scope of work for the project includes four laning from 360.915 km to 402 km of the Gorakhpur-Gopalganj section of the National Hingway-28 in Bihar, the company said.
Punj Lloyd shares have outperformed the broader exchanges in last one week as the company reported robust earnings for the March quarter of FY2014-15 on Friday .
Punj Lloyd's net profit in the March quarter jumped to Rs 268.53 crore compared to Rs 5 lakh in the corresponding quarter of the last fiscal on the back of sharp rise in its other income.
The company has built a strong order book during the quarter. As on March 31, 2015 Punj Lloyd's total unexecuted orders stood at Rs 21,152 crore, the company said in a filing to exchanges.
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