Punj Lloyd rises 2% as arm wins project in Hong Kong

Engineering company Punj Lloyd gained more than 2 percent on Thursday as its subsidiary Sembawang Engineers and Constructors has received its first project in Hong Kong to build MTR Corporation's Shatin to Central Link Diamond Hill Station.

The project worth over Rs 1,168 crore will be executed by Sembawang along with consortium partner Leader Civil Engineering Corporation.

"Work on the Diamond Hill station will start in the first quarter of 2013," the company said in its release.

At 15:47 hours IST, the stock rose 1.95 percent to Rs 60.20 amid large volumes on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 1,999.22 crore.

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