Punj Lloyd wins Libyan infra contracts
Punj Lloyd, the engineering, procurement and construction (EPC) conglomerate, has announced three new contract-wins valued at Rs1873.18 crore. The contract will include designing, procurement, installation and commissioning of utilities for three towns of Libya. Awarded by the Housing and Infrastructure Board, these contracts are scheduled for completion within 48 months.
“This is our third infrastructure project in Libya with the same client. We are very proud of our association with Housing and Infrastructure Board and look forward to playing a key role in building the infrastructure of Libya” said Vimal Kaushik, Managing Director, Punj Lloyd.
The scope of work for the three projects includes design, procurement, installation and commissioning of utilities at Zawara, Ragdaleen and Al Jamail Towns. Utilities for these three projects consist of developing roads, networks for drinking water, sewage water and storm water, electrical and telecommunication work.
Punj Lloyd bagged its first contract in North Africa in August 2006 for the engineering, procurement and construction of an oil and gas project for Sirte Oil Company, Libya. Following this, the Group bagged two infrastructure projects – upgradation of infrastructure of Arada and execution of utilities in Souk Al Juma of Tripoli.
With this the order backlog for the Punj Lloyd Group on consolidated basis has gone to Rs 23939.21 crore. This is the total value of unexecuted orders as of 31st March 2009 and new orders received till date.