Jun 20, 2010

Punj Lloyd Group Wins Contract Worth Rs. 1394 crore

New Delhi, June 16, 2010 – Punj Lloyd Group subsidiary, Sembawang Engineers and Constructors (Sembawang), one of the leading engineering and construction companies in Southeast Asia and MENA (Middle East & North Africa) region has clinched a major contract worth Rs. 1394 crore (S$419 million) from Singapore’s landmark integrated resort Resorts World Sentosa , a subsidiary of Genting Group. The project entails the construction of the Equarius Hotel, a world class spa, beach villas, an oceanarium, and a water theme park. .

Speaking on the order win, Atul Punj, Chairman, Punj Lloyd Group, said, “We are delighted to have received a consecutive order from Resorts World Sentosa. This contract win reinforces our expertise combined with our commitment to complete projects on time. We will continue expansion in high growth areas and will leverage our dynamism and speed to deliver landmark projects.”

Mr Richard Grosvenor, President and CEO of Sembawang said, “We are honoured that Sembawang has been awarded this major contract for Resort World Sentosa’s last phase as it is a clear recognition of our strength in delivering quality work. We are also delighted to be working again with the iconic Resorts World Sentosa. This is our second contract with them after the successful completion of a S$250-million sub-structural works project at the resort in 2008.”

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