BackPunj Lloyd wins Rs1,595 cr contracts
Punj Lloyd wins Rs1,595 cr contracts
Premium
New Delhi: Engineering and construction conglomerate Punj Lloyd on Wednesday said it has won Rs1,595 crore domestic and overseas contracts, including a Rs1,123 crore order from Indian Oil Corporation (IOC) for the Paradip Refinery Project.
“Punj Lloyd announced three new contract wins valued at Rs1,595 crore (including) an order worth Rs288 crore from Harouge Oil Operations in Libya," the company said in a statement.
The Libya contract is for design, engineering, procurement and construction of a new oil storage complex at Ras Lanuf Export Terminal and other associated facilities, it said, adding the project will be completed in 16-month.
On the domestic front, the order from IOC is for design, engineering, procurement, construction and commissioning of various units, including Kero Treatment Unit and Sulphur Recovery Unit of the IOCL Paradip Refinery Project.
The project will enhance the supply of distillates like LPG, naphtha, diesel and other products in the eastern part of the country and the complex will generate intermediate petrochemicals feedstock, the company said, adding it will be completed in 21-month.
A 15 MMTPA grassroot refinery, Paradip Refinery will be the most modern refinery in India with nil-residue production and the government has designated the project as a fast track one.
Besides Paradip Refinery works, the company also bagged a Rs184 crore order from West Bengal Medical Services Corporation Ltd (WBMSC), a wholly owned undertaking of the state government for planning, design and construction of three Medical Colleges in West Bengal.
The work includes ancillary requirements like hostels, staff quarters and OPD at Murshidabad State General Hospital, Berhampore, Malda District Hospital, Malda and Sagardutta State General Hospital, Kamarhati, North-24 Parganas.
“The order will be executed over a period of 17-month," it said, adding that the company has already constructed Medanta, the Medicity, one of India’s top multi super speciality medical institutes in Gurgaon.
The Group is also constructing a Medical College and a Hostel Complex at AIIMS, Raipur for the Ministry of Health and Family Welfare.
Commenting on the contracts, chairman, Punj Lloyd, Atul Punj said, “Contract wins across oil & gas and infrastructure sectors in diverse geographies is a clear recognition of our expertise and global presence. The fast track order from IOC is an acknowledgement of our excellent track record for successful completion of challenging projects."
With these contracts, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs27,065 crore.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
