New Delhi, July 3

Engineering major Punj Lloyd Ltd on Thursday announced it has bagged a Rs 1,005-crore contract from GVK Power Ltd. Under the contract, Punj Lloyd would execute the balance of plant work (BOP) and the civil work for the 540 MW Govindwal Sahib coal-fired thermal power project in Punjab, the company said in a filing to the Bombay Stock Exchange. “Continuing our expansion in high growth areas, we believe that this project will play a vital role in strengthening our expertise,” Punj Lloyd Managing Director, Mr V.K. Kaushik, said. The project would be completed by mid 2011, the filing added. With this, the order book position of Punj Lloyd stands at Rs 21,249.63 crore. Earlier, Punj Lloyd had bagged a Rs 823-crore project from Rajasthan Vidhyut Utpadan Nigam for civil works in 2x250 MW Chhabra Thermal Power station on EPC basis. Shares of Punj Lloyd closed at Rs 200.10 per share, down 7.64 per cent on the BSE.

– Our Bureau

(This article was published in the Business Line print edition dated July 4, 2008)
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