Diversified global conglomerate, Punj
Lloyd, has signed a contract worth USD 540 million (INR 3,254 crores) for a Buildings
and Infrastructure project with the Housing & Infrastructure Board (HIB), Libya.
Punj Lloyd’s scope comprises the
infrastructure work for the city of Zliten, spanning across an area of over 2400
hectares, in the Misuratah region. It is located 100 km east of Tripoli in the
capital of Libya. The work involves designing and construction of the storm and
sewer network; water network, telecommunication and power distribution network,
natural gas network, street lighting and road network including traffic
management system, landscaping and streetscaping including parks and green
areas.
According to Pardeep Tandon, President & CEO, Buildings & Infrastructure,
“It is an excellent opportunity for the Group to showcase its infrastructure
capabilities in the free Libyan economy. The project was won amidst tough global
competition.”
This repeat order by HIB post the
Libyan unrest is a reflection of Punj Lloyd’s execution capabilities in
infrastructure.
Punj Lloyd is already delivering infrastructure
projects for the Housing & Infrastructure Board (HIB) in major townships of
Arada, Souk Al Juma, Zawara, Ragdaleen, and Al Jamail. The projects comprise engineering,
procurement, construction and the commissioning of utilities including water,
sewage, storm water main and branch lines, roads and other facilities.
All projects in Libya have been reactivated and work is
ongoing.
With this new order, the Group’s
order backlog stands at Rs. 22,106 crores. The order backlog is the value of
unexecuted orders on December 31, 2013 plus new orders received after that
date.
About Punj Lloyd:
Punj Lloyd (BSE SCRIP ID:
PUNJLLOYD, NSE SYMBOL: PUNJLLOYD) is a diversified international conglomerate
offering EPC services in Energy and Infrastructure along with engineering and
manufacturing capabilities in the Defence sector. The second largest
engineering and construction company in India, Punj Lloyd has operations spread
across 22 countries, a mix across the Middle East, Africa, the Caspian, Europe,
Asia Pacific and South Asia.
With a turnover of US $2.06 billion,
the Group’s three brands - Punj Lloyd and PL Engineering headquartered in India
and Sembawang Engineers & Constructors in Singapore, each with its own
subsidiaries and joint ventures, converge to offer complementary services, rich
experiences and best practices from across the globe. The Group has 21,000
skilled multicultural workforce worldwide. Known for its capabilities in
delivering mega projects ‘on time,’ thereby ensuring repeat customers, the
Group delivers reliable, high-quality solutions for global infrastructure
always ensuring integrity, safety and sustainability.
FOR FURTHER INFORMATION PLEASE CONTACT:
Avian Media,
Chennai
Krishna Moorthy – 9442191717
Punj Lloyd
louise@punjlloyd.com
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