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19 April, 2024 14:14 IST
Punj Lloyd bags order worth Rs 1.2 bn from Govt. of India
Source: IRIS | 18 Sep, 2017, 12.13PM
Rating: NAN / 5 stars.
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Punj Lloyd has won a prestigious order worth Rs 1.20 billion for the supply and commission of five Full Body Truck Scanners (FBTS) from the Ministry of Home Affairs.

Punj Lloyd will be the first private sector company in India to install these X-Ray based FBTS at the country's borders, which can detect concealed arms, ammunition, explosives, detonators, IEDs, narcotics and fake currency.

Atul Punj, Chairman Punj Lloyd said, "This is our first order in Homeland Security and is extremely significant as it will enhance the national security of the country by fortifying our borders against illegal activities. The scanners will be manufactured at Punj Lloyd's state-of-the-art manufacturing facility at Malanpur. Miscreants are today adept at concealment techniques but these scanners make the process of screening smooth and highly efficient in quick identification of suspicious consignments, with the least impact on legitimate trade."

Shares of the company gained Rs 1.15, or 5.3%, to trade at Rs 22.85. The total volume of shares traded was 806,939 at the BSE (11.59 a.m., Monday).

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