i Develop Stocks Advisory: Punj Lloyd JV bags US$300mn order

Thursday, July 9, 2009

Punj Lloyd JV bags US$300mn order

A Punj Lloyd joint venture has reportedly bagged an order worth US$300mn from Saudi Aramco. There are no more details available as yet. The stock was trading at Rs185.45 on the Bombay Stock Exchange (BSE) at 1:51 pm. It is down 12% in the last one month.

Separately, global media reports said that Saudi Aramco and France's Total have signed 13 agreements with contractors to build a US$9.6bn joint venture refinery in the Gulf kingdom. The two awarded the contracts for the 400,000 barrels per day (bpd) refinery last month.

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Economic Event Calendar

GMT+5:30	Event	Vol.	Actual	Consensus	Previous
Wednesday, Apr 16
20:00	EIA Crude Oil Stocks Change	1	0.515M	0.400M	2.553M
20:00	BoC Press Conference	3
21:30	Fed's Hammack speech	2
22:30	20-Year Bond Auction	1	4.810%		4.632%
23:00	Fed's Chair Powell speech	3
Thursday, Apr 17
01:30	Total Net TIC Flows	1			$-48.8B
01:30	Net Long-Term TIC Flows	1		$35.2B	$-45.2B
04:15	Consumer Price Index (YoY)	3		2.3%	2.2%
04:15	Consumer Price Index (QoQ)	3		0.7%	0.5%
04:30	Fed's Schmid speech	2

Economic Calendar >> Add to your site

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Thursday, July 9, 2009

Punj Lloyd JV bags US$300mn order

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