Comments
Diversified group Punj Lloyd has bagged a Rs 1,270-crore order for the construction of a 42-km expressway in Yemen.
“The company has bagged this project from the Ministry of Public Works & Highways, Republic of Yemen, and is valued at Rs 1,270 crore ($211.41 million approximately),” Punj Lloyd today said in a statement.
It is being funded by Saudi Development Fund.
Located 60 km from the port city of Aden, the scope of work for this project comprises construction of 210 lane-km new carriageway greenfield project, the statement said.
Lane-km is used to describe the length of roads.
The work involves excavation of over 10 million cubic meter, road paving, surface sealing, two major concrete overpass bridges and associated infrastructure work.
“This is the first major expressway project for Punj Lloyd in the Middle East. This is an excellent opportunity for us to showcase our construction expertise in the Middle East market,” Pardeep Tandon, President & CEO, Buildings & Infrastructure, MEA & CIS, Punj Lloyd, said.
Yemen is also a repeat country for Punj Lloyd which has already executed work on the offsites and utilities of the Yemen LNG project, the statement added.
With this new order, the group’s order backlog stands at Rs 23,376 crore.
The order backlog is the value of unexecuted orders on December 31, 2013, plus new orders received after that date.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.