Punj Llyod bags Rs 321 worth order in Yemen

New Delhi, Aug 10 (UNI) Construction major Punj Lloyd Ltd, today said it has secured its first contract in the Republic of Yemen from Yemgas at a cost of Rs 321 crore, to be completed in the next two-and-a-half years.

''Construction of cryogenic facilities is the core competence of Punj Lloyd and a select few in the world, undertake such specialised works. This is an important milestone for Punj Lloyd.

We have been looking at expanding our geographies and this order, will help us further strengthen our foothold in West Asia,'' Punj Lloyd Chairman Atul Punj said.

Yemgas is a joint venture formed by Technip France, JGC Corporation, Japan and UK's Kellogg-Brown&Root Inc.

The contract involves the construction of civil, mechanical, piping, electrical&instrument, insulation and painting work for off sites and utilities of the prestigious Yemen LNG project.

The project is being executed for Yemen LNG Company Ltd, the company formed by Total, Yemen Gas Company, Hunt Oil, Exxon, Sunkyong and Hyundai, which will develop a LNG Liquefication and 6.8 MMTPA Export Terminal at Belhaf in Yemen.

With this, the order backlog for the PLL group is Rs 9,738 crore, which includes the total value of unexecuted orders as on August 1, 2006 and new orders received till date.

Punj Lloyd, a leading engineering and construction company in India, provides integrated design, engineering, procurement, construction and project management services for the energy and infrastructure sector projects.

The company has a presence in 14 countries and its operations are spread across many regions in West Asia, Caspian, Asia Pacific, Africa and South Asia.

PLL has acquired a majority stake in SembCorp Engineers&Constructors, a 1 billion dollar Singapore company. It has also entered into a JV with the Saudi Prince to form 'Dayim-Punj Lloyd Engineering Limited'.

UNI RA YA HT1922