Mumbai: Diversified engineering firm Punj Lloyd Tuesday said it has bagged an order worth Rs264 crore from the Airport Authority of India (AAI) for building a greenfield airport at Pakyong in Sikkim.
The scope of project includes the construction of runway, taxiway, apron drainage system and electrical-related works for the airport, Punj Lloyd said in a filing to the Bombay Stock Exchange.
The project is expected to be completed in two years, it added.
This airport will ensure better connectivity of Sikkim with the rest of the country, Punj Lloyd Group Chairman Atul Punj said.
Punj Lloyd surged over to 5% and was trading at Rs165 in the afternoon trade on the BSE.