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Our Bureau

New Delhi , Aug 24

Punj Lloyd Ltd (PLL) on Thursday said that it had entered into a joint venture with German company KAEFER GmbH. PLL will hold 49 per cent, while KAEFER would hold the remaining stake in the joint venture.

The new company will have three directors, two nominated by KAEFER and one by PLL.

PLL provides integrated design, engineering, procurement, construction and project management services for energy and infrastructure projects with operations in West Asia, Caspian, Asia Pacific, Africa and South Asia.

KAEFER is involved in heat, cold and acoustic insulation as well as fire-protection.

More Stories on : Alliances & Joint Ventures | Engineering

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