Nov 26, 2010

Punj Lloyd bags three new orders worth Rs.1595cr

1. Order from Indian Oil Corporation Limited worth Rs. 11.23bn for the Paradip Refinery Project

The scope of work includes the design, engineering, procurement, construction and commissioning of Kero Treatment Unit, Sulphur Recovery Unit, FCC LPG Treatment Unit, FCC Light Naphtha Treatment Unit, Alkylation Unit, Butane Isomerisation Unit, Spent Acid Regeneration Unit and Flue Gas Desulphurisation Unit for the Lumpsum Turnkey Package B of the IOCL Paradip Refinery Project. The government has designated the project as a fast track one. Construction will be executed over a period of 21 months.

A 15 MMTPA grassroot refinery, Paradip Refinery will have a Hydrocracker Unit, a Delayed Coker Unit and other secondary processing facilities apart from a Crude and Vacuum Distillation Unit. This will be the most modern refinery in India with a nil-residue production. The project will enhance the supply of distillates viz. LPG, Naphtha, MS, Jet/Kero, Diesel and other products, in the eastern part of the country. The complex will generate intermediate petrochemicals feedstock.

2. Order from Harouge Oil Operations in Libya worth Rs. 2.88bn

Punj Lloyd has secured an order worth Rs. 2.88bn from Harouge Oil Operations in Libya. The scope of work includes the design, engineering, procurement and construction of a new oil storage complex at Ras Lanuf Export Terminal and other associated facilities. The completion time for the project is 16 months.

3. Order worth Rs. 1.84bn from Government of West Bengal

Punj Lloyd has bagged a contract worth Rs. 1.84bn from West Bengal Medical Services Corporation Limited (WBMSC), a wholly owned undertaking of the Government of West Bengal for planning, design and construction of three Medical Colleges in West Bengal including 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 months. Punj Lloyd has carved a niche in the healthcare infrastructure by successfully building Medanta, the Medicity, one of India’s top multi super specialty 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.

Speaking on the occasion, Atul Punj, Chairman, Punj Lloyd Group 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 IOCL is an acknowledgement of our excellent track record for successful completion of challenging projects within tight schedules.”

With these contracts, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs. 27,065 crore. This is the total value of unexecuted orders as on September 30, 2010 and new orders received after that day.

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