Punj Lloyd bags order from RIDCOR worth Rs 302 cr

Mumbai, June 12: Punj Lloyd Ltd has bagged the Rs 302 crore project for integrated improvement cum performance based maintenance of Lalsot to Kota Road in Rajasthan from Road Infrastructure Development Company of Rajasthan Ltd (RIDCOR).

Announcing this to BSE, the company said the project involves widening of the 195 km stretch of existing road to 2 lanes with a total width of 10.5 meters including hard shoulders. While the improvement works are expected to complete within 21 months from the start date, maintenance will take another 60 months after the improvement work completion date.

Commenting on the RIDCOR order, Mr Atul Punj, Chairman&Managing Directors of the company said, ''We are already executing 3 other RIDCOR projects valued at Rs 593 crore. With this project, Punj Lloyd has to its credit four highways projects in Rajasthan. This reiterates the confidence of our clients in our competencies''.

RIDCOR is a joint initiative between the Rajasthan Government and Infrastructure Leasing&Financial Services Ltd (IL&FS).

It also bagged a USD 25.5 million (Rs 117 crore) order from Helios Terminal Corporation Pvt Ltd, Singapore for procurement and construction of storage tanks and other works for the 'Bulk Liquid Storage and Blending Facility, at Jurong Island Singapore.

UNI