Punj Lloyd forays into Kenya market
Punj Lloyd has forayed into Kenya market with its first project in road building sector. The company has formed a joint venture with a local infrastructure company, Intex Construction, to build 62 km- Loruk-Barpelo road in Nairobi. The contract value of the project is Rs285 crore and it is expected to be completed in 30 months.
SS Raju, CEO– Infrastructure, Punj Lloyd Ltd, said: “Highways segment is going to be the group’s core business of growth in ensuing years. Our knowledge coupled with the expertise to deliver complex projects on time will complement Kenya’s ambitious plans to spur infrastructure growth and will consolidate the Group’s highways and road construction portfolio across the globe.”
The company is looking at developing a portfolio of infrastructure development projects in Africa.
In addition to this, Punj Lloyd also won its maiden SEZ project in Gurgaon, worth of Rs81 crore. The project is been awarded by Canton Buildwell and it involves civil and structural work, external development and facade work for construction of building B3 including three level basemen.