Punj Lloyd Group bags Rs.645 crore projects

Mumbai, Jan 20: Engineering and construction major Punj Lloyd Group today said it had bagged three oil and gas contracts worth Rs.645 crore in India, Oman and Indonesia.The largest contract worth Rs.323 crore has been awarded by petroleum company Occidental Mukhaizna for engineering and construction of a new water treatment at their oil production field in Oman, the company said in a regulatory filing.This is the group's third project in Oman. The project is to be executed within 27 months.The second contract worth Rs.271 crore has been given by Indonesian oil company Pertamina for construction of three well head platforms and laying three segments of 18.6 kilometers of offshore gas pipeline.The third contract worth Rs.51 crore has been awarded to GAIL India for laying a 112-km pipeline from Vijaipur, Madhya Pradesh, to Boreri, Rajathan, and for augumenting the existing Vijapur-Kota pipeline.With these contracts, the order backlog of the company on consolidated basis has gone up to Rs.29,423 crore. This is the total value of unexecuted orders as on Sep 30, 2010, and the new orders received after that day.At the Bombay Stock Exchange, the shares of the company were low at 0.25 percent to trade at Rs.98.70 apiece. (IANS)

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