i Develop Stocks Advisory

Punj Lloyd advances on order win Punj Lloyd shares rose sharply on Thursday after the construction firm's unit was awarded $282 million contract to built part of the Marina Bay Sans integrated resort in Singapore. Punj Lloyd unit wins $282 million Singapore contract Sembawang Engineers and Constructors, a unit of Punj Lloyd Ltd, said on Thursday it has been awarded a S$400 million ($282 million) contract to build part of the Marina Bay Sands integrated resort in Singapore. The project, which starts this month and is slated for completion in April 2009, comprises the resort's casino, theatres and retail arcade, Sembawang said in a statement.