Punj Lloyd bags U.S.D. 800 mn contract from Qatar Petroleum

Mumbai, Sep 23 (PTI) Engineering firm Punj Lloyd on
Tuesday said it has bagged a U.S.D. 800 million (Rs. 3,636
crore) contract for construction related work from Qatar
Petroleum.

In a filing to the Bombay Stock Exchange, Punj Lloyd said
that under the contract it would undertake engineering,
installation and commissioning order for laying of 211 k.m.
pipeline. The project would be completed in 32 months.

"This is the fourth Engineering, Procurement and
Construction (E.P.C.) contract that we have bagged in Qatar.
The project will facilitate in meeting the power and water
production growth of Qatar," Punj Lloyd Group Chairman Atul
Punj said.

The company is also executing E.P.C. projects, including
the Doha Urban Pipeline Relocation and the Multi-Product
Pipeline from Qatar Petroleum Refinery to Doha Depot and fuel
systems for the New Doha International Airport.

"Owing to the rapid infrastructure and oil and gas
development in the region, we will continue to secure large
ticket orders for our portfolio," he added.

With this, the order backlog for Punj Lloyd Group stands
at Rs. 24,063 crore.

Shares of Punj Lloyd were trading at Rs. 296.70, up 0.95
percent in the late afternoon trade on the B.S.E.