India’s leading Engineering Procurement and Construction Conglomerate IVRCL Infrastructures & Projects Ltd (IVRCL) has received an order worth Rs 3.58 billion from the Irrigation & CAD depa

Hindustan Construction Co. Ltd. (HCC) has announced that its JV with SEW Infrastructure and Megha Engineering & Infrastructure (MEIL) has received an order worth Rs 639 crore from Government of Andhra Pradesh, irrigation and CAD Department.

Under the proposed contract, the Joint Venture firms will build Barrage of around 3.5 km with Head Regulator across River Pranahita (PCLIS - Package-III) near Tummidi Hetti Village in Adilabad District of Andhra Pradesh.

As per views of stock market experts, investors can purchase Punj Lloyd Limited stock above Rs 270, in order to achieve an intraday target of Rs 276.

The stop loss for the suggested counter is Rs 265. The stock pricing becomes more attractive, and reach above Rs 278, if the stock markets remain positive.

On Wednesday (July 23), the company’s shares closed at Rs 269.90 on BSE. The total volume of the shares traded was 1874343. Current EPS and P/E ratio stood at 7.30 and 35.58 respectively. The stock has also seen 52-week high of Rs 589.10 and low of Rs 183.20 on BSE.