{LONGTERMINVESTORS} PUNJLLOYD .. MINI L&T .... A PERFECT BUY

In recent days, PunjLloyd is making some solid moves to keep its head above the water.

 Punj Lloyd has set up a fabrication and assembly facility for defence systems in Gwalior capable of machining, welding & fabrication of land system components, assembly, integration and testing of weapons, maintenance and repair facility for existing weapons of the Indian Army, according to its website.

The group has agreements with leading global primes for collaboration in Indian programmes for a wide range of products including artillery systems, air defence gun systems, A-vehicle technology, assault rifles and carbines.       

              "Punj Lloyd is proud to be India's first LNG tank constructor for both the Western and Eastern Coasts, having played a critical role in building India's LNG infrastructure,"                 

Punj Lloyd   has signed a definitive agreement with IDFC Alternatives to sell three of its solar assets of 45 MW capacity, says Rajat Seksaria, VP and Business Head of Punj Lloyd. In an interview with CNBC-TV18, Seksaria said that the tentative value of the deal is likely to be around Rs 350-375 crore which is expected to bring down the company's debt by Rs 250 crore.

         

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