Punj Lloyd, the diversified engineering, procurement and construction (EPC) conglomerate, has bagged an order worth Rs 167.51 crore from state-run GAIL (India) for a pipeline project.

The scope of work includes the laying, testing and commissioning of 145.43 kilometres of pipeline for the Dahej-Vijaipur pipeline upgrading project.

The 610-kilometre pipeline from Dahej to Vijaipur has been designed to transport 23 million cubic metres per day of natural gas.

Ashwani Gujral, well-known technical analyst, is of the view that above Rs 250, Punj Lloyd can touch Rs 320.

Ahead of positive announcement, the scrip of the company today settled at Rs 254, up 5% compared to its previous close on BSE.