Punj Lloyd bags Rs 308 crore order for luxury villas in Dubai

NEW DELHI: Engineering and construction major Punj Lloyd Ltd has bagged Rs 308 crore order for construction of luxury villas in Dubai, the UAE.

“The contract has been awarded to Punj Lloyd by Front Line Investment Management Co LLC, subsidiary of Damac Properties Development LLC, for construction of 168 villas…in Dubai,” Punj Llyod said in a BSE filing.

With this project, the company’s order backlog stands at Rs 25,708 crore.

Shares of Punj Lloyd were trading at Rs 22.40 apiece, up 0.90 per cent from the previous close on BSE.