Engineering and construction firm Punj Lloyd on Thursday said it has bagged a Rs 1,311.19 crore contract in joint venture with Public Works Company Tripoli for the execution of utilities in Libya.
Engineering and construction firm Punj Lloyd on Thursday said it has bagged a Rs 1,311.19 crore contract in joint venture with Public Works Company Tripoli for the execution of utilities in Libya.
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The scope of this project includes designing and commissioning of infrastructure networks, water-sewerage-storm water mains and branch lines, roads and other facilities for Souk Al Juma in Tripoli in Libya, the company said in a statement.
Awarded by the Housing and Infrastructure Board, this contract is scheduled for completion in 40 months.
Earlier this month, Punj Lloyd had won a Rs 1,050.05 crore contract to upgrade the infrastructure of Arada, an existing township in Tripoli.
"Libya is a key market for Punj Lloyd and the group plans to expand its presence in the promising business environment of the country," company's Chairman Atul Punj said.
The company secured its first contract in Libya in 2006 for the engineering, construction and procurement of oil and gas projects for the Sirte Oil Company.
With the new contracts, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 23,952 crore.
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