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New Delhi, Sept. 23

Punj Lloyd has bagged a contract for engineering, procurement, installation, and commissioning of a 211-km pipeline project from Qatar Petroleum worth $800 million. A release said the company would undertake construction works for the gas stations and necessary infrastructure. According to company Chairman Mr Atul Punj, “This is the fourth EPC contract that we have bagged in Qatar and this demonstrates the confidence of the clients in the group’s capability in executing large and challenging projects. The project will facilitate in meeting the power and water production growth of Qatar. Middle East is a key market for us. Owing to the rapid infrastructure and developments in the oil and gas sectors in that region, we hope to continue to secure large orders,” he said. With this new order the order backlog for the Punj Lloyd Group on consolidated basis will go up to Rs 24,063 crore. This is the total value of unexecuted orders as of June 30 and new orders received till date, the release added. —

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