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.