Punj Lloyd Singapore subsidiary wins rs.1119.2 cr order

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Mumbai, Feb 14 (UNI) Punj Lloyd Group, an engineering, procurement and construction specialist, today announced that its wholly-owned subsidiary Company Sembawang Engineers and Constructors Pts (Sembawang E&C), has been awarded a 400 million Singapore dollar (Rs 1119.2 crore) contract by Marina Bay Sands Pte to construct and build the North Podium of Marina Bay Sands integrated resort.

The work involving building of acasino, theatres and retail arcade in Singapore would be this month and was expected to be completed by April 2009, the company informed the BSE.

Punj Lloyd Chairman Atul Punj commenting on the project said ''With immense opportunities in the Engineering, Procurement and Construction (EPC) space and a healthy order book we look forward to achieve higher success with the help of our group companies in the near future.'' The project is to build the substructure and superstructure of this mega resort, having four upper levels and a four-storey basement.Sembawang is well placed to handle this project, as it is also constructing the new Downtown Line Bayfront MRT station in Marina Bay which will connect directly to the resort's MICE (Meetings, Incentives, Conventions and Exhibitions Centre), the release said.

Fronting Marina Bay, the SD 5 billion Marina Bay Sands integrated resort stands out with its striking architectural features. The resort is developed by the Las Vegas Sands Corporation that also built and owns 'The Venetian' in Las Vegas and Macau.

With this, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 17,132 crore. This is the total value of unexecuted orders as of December 31, 2007 and new orders received till date, the relese added.

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