Punj Lloyd's unit bags Rs 1,770 cr contract

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New Delhi, Nov 5 (UNI) Country's largest construction and engineering firm Punj Lloyd today said its unit has bagged a turnkey contract worth Rs 1,770 crore from Jurong Aromatics Corporation (JAC) Pvt Ltd.

Under the terms of the contract, company's wholly-owned unit Sembawang Engineers and Constructors will be responsible for the engineering, procurement and construction of all the ancillary facilities which are necessary to provide support to the main conversion units, it said in a statement.

''Being selected for this project by an international consortium like JAC is testament to our expertise and capabilities in delivering world-class EPC work on sophisticated industrial plants and infrastructure projects,'' Sembawang's President and CEO Alwyn Bowden said.

Work on the JAC complex will start in 2008 and is slated for completion in 2011. Upon completion, the JAC facility will have a capacity of around 1.5 million tonnes of aromatics, comprising 8,00,000 tonnes of para-xylene, 2,00,000 tonnes of ortho-xylene, and 4,50,000 tonnes of benzene, as well as about 2.5 million tonnes of petroleum products.

Punj Lloyd Ltd posted a net profit of Rs 31.37 crore for the second quarter ended September 30, compared to Rs 78 lakh for the corresponding previous period.


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