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Punj Lloyd bags Rs 1,348-cr order from Libyan co
Our Bureau
New Delhi
,
Aug. 21
Engineering and construction company Punj Lloyd Ltd (PLL) has bagged an order worth over Rs 1,348 crore ($ 290 million) from Libya's Sirte Oil Company for pipeline projects.
The order, the single largest ever contract bid won by PLL, is to be executed on an EPC (engineering procurement and construction) basis and comprises two main contracts. The first contract, worth over Rs 692 crore ($ 149 million) involves the construction of the main 98.4 km pipeline from Tripoli to Melita. It also entails the construction of a 21 km branch pipeline to the Zawia power plant, the company said. The work, slated for completion in 22 months, also involves the construction of gas pressure reducing and metering stations and a compressor station at Melita. Under the second contract, worth over Rs 655 crore ($ 141 million), the company would complete a 157 km `El Khoms-Tripoli' pipeline.
Punj Lloyd said it would also undertake civil, mechanical, electrical and instrumentation work on the gas pressure reducing, metering and compressor stations at Sidra and Wachkah. This project is to be completed in 18 months.
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