Business Daily from THE HINDU group of publications
Friday, Apr 17, 2009
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Business Daily from THE HINDU group of publications Friday, Apr 17, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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New Business Logistics - Railways States - Maharashtra Punj Lloyd to build 8 stations for Bangalore Metro Our Bureau Mumbai, April 16 Infrastructure major Punj Lloyd Group has secured three contracts worth Rs 308 crore from the Bangalore Metro Rail Corporation for the construction of eight stations. The Group is currently constructing Singapore’s Mass Rail Transit (MRT) Downtown Line’s Bayfront station at the Marina Bay and a section of the MRT Circle Line, besides working on projects for Delhi Metro. First PhaseIn the first phase of the Bangalore Metro Rail Project, construction work would comprise double line electrified North-South and East-West corridors totalling 33 km. Punj Lloyd’s work for ‘Reach 1’ would be to construct two elevated metro stations at M.G. Road and Trinity Circle, inclusive of viaduct portions for the track within the stations. In ‘Reach 2’ portion of the contract, the company would construct elevated stations at Mysore Road Terminal, Deepanjali Nagar and Magadi Road. And in ‘Reach 3’ it would build three elevated stations at Rajaji Nagar, Kuvempu Road and Malleshwaram. The work is scheduled for completion in 22 months. With this, the order backlog for Punj Lloyd Group on a consolidated basis has risen to Rs 24,492 crore. This is the total value of unexecuted orders as on December 31, 2008 and the value of orders received after that date, the company said. Mr Atul Punj, Chairman, Punj Lloyd, said, “Bangalore’s rapid growth has resulted in severe traffic congestion and pressure on its existing infrastructure. More Stories on : New Business | Railways | Real Estate & Construction | Maharashtra
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