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Our Bureau

New Delhi, Sept 1

Punj Lloyd has bagged an order worth Rs 349.73 crore from IOC to undertake works at the naphtha cracker project in Panipat, Haryana. The order is to be executed on an EPC (engineering, procurement and construction) basis and entails the construction of offsite and storage facilities at IOC's naphtha cracker project, a company release said.

Under the secured contract, which has come through Indian Oil Tanking Ltd, Punj Lloyd will construct storage facilities, including double-walled cryogenic storage tanks, storage spheres, mounded bullets, atmospheric tanks, heaters and pumps. The project is scheduled to be completed in 24 months, with an additional two months for commissioning, the release added.

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