Punj Lloyd wins projects worth Rs664 cr
Punj Lloyd Group today announced winning Rs 664 crore worth infrastructure orders in India and Singapore.
“FY 2011-12 has been a mixed bag of opportunities, it is encouraging to note that spending on infrastructure is beginning to get a boost. Both these orders reflect a cautious change in global sentiments. As a global entity, we will remain focused on executing challenging projects both in India and abroad”, said Atul Punj, Chairman, Punj Lloyd.
In Singapore, Sembawang Engineers and Constructors Pte. Ltd., a Punj Lloyd company, won a major contract from the Housing and Development Board of Singapore (HDB) to build McNair Towers, a public-housing development of four residential blocks. Back home, Punj Lloyd won an order for the construction of integrated residential and retail complex titled Capitol Heights by TRIF Real Estate and Development Private Limited, a Special Purpose Vehicle (SPV) of Tata Realty and Infrastructure Limited, the real estate and infrastructure development arm of Tata Sons.
Located in Kallang/Whampoa precinct of Singapore, McNair Towers is in the Boon Keng Housing Estate, near Boon Keng MRT Station. Launched in May this year by HDB, Singapore’s public-housing authority and a statutory board under the Ministry of National Development, the McNair Towers project includes the construction of facilities and amenities such as children’s playgrounds, fitness stations, gardens and courtyards, precinct pavilion, 6-storey carpark with landscaped roof garden and a substation. The contract will complete in 4Q 2016.
A build-to-order project, McNair Towers will add to Sembawang’s portfolio of highly-specialised, high-rise residential building projects.
Project Capitol Heights entails the civil, excavation and other auxiliary work of the integrated residential & retail complex across an area of approximately 10 acres in the heart of Nagpur City in Maharashtra. Scheduled for completion in 27 months, Capitol Heights will comprise four residential towers – two 23 storeyed and two 20 storeyed – along with a retail complex.
With these contracts, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs. 26,870 Crores, reflecting the total value of unexecuted orders as on June 30, 2012 and new orders received after that day.