Punj Lloyd gained more than three per cent
Punj Lloyd shares gained more than three percent intraday Friday on agreement for development of solar assets in Uttarakhand. "Punj Lloyd Infrastructure (PLIL), a wholly owned subsidiary, has executed definitive agreements with India Power Green Utility (IPGUPL) to co-develop 30 MW of solar assets in Uttarakhand, in respect of three solar power projects," the engineering company said in its filing. Three solar power projects, each of 10 MW capacity was won by PLIL under the tariff based competitive bidding process in October 2015 that will be executed by its wholly owned subsidiaries PL Surya Vidyut, PL Sunrays Power, and PL Solar Renewable.
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