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Punj Lloyd: Turning the corner?
Feb 14:   But for Engineers India Ltd, most other engineering and EPC companies have been hit badly by the downturn in the oil & gas and other related sectors
8Punj Lloyd in particular has been hit hard.
8But is the ailing company about the turn the corner?
8Losses are still high, though they are coming down slowly. The EBITDA has tuned positive
8Atul Punj, Chairman, Punj Lloyd, said, "We saw a decent progress on ongoing projects and an improved utilisation of resources during the quarter. With the government initiatives towards the infrastructure sector, I am optimistic of the opportunities and overall improvement at the macro level."
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