Punj Lloyd bags Rs 349.73 cr order from IOC proj

New Delhi, Sept 1: Engineering and construction major Punj Lloyd (PLL) today secured a Rs 349.73 crore EPC contract for Indian Oil Corporation's naphtha cracker project being implemented at its complex at Panipat (Haryana).

The contract has come through Indian Oil Tanking Ltd, where Punj Lloyd is the nominated sub-contractor and is the company's largest project for its tankage and terminal business.

The contract is for the offsite and storage facilities of its naphtha cracker project and the scope of work includes EPC of storage facilities, including double walled cryogenic storage tanks, storage spheres, mounded bullets, atmospheric tanks, vaporizers, heaters, BOG compressors, pumps and civil work including tank foundations, a company stataement said.

The project is scheduled to be completed in 24 months with an additional 2 months for commissioning.

With this order, the total value of unexecuted orders as on July 1, 2006 and new orders received till date of Punj Lloyd group (including Sembawang Engineers&Constructors, Singapore) stands at Rs 12,259 crore. Over 60 per cent of its order backlog is represented by projects based outside India.

UNI