Punj Lloyd said that it has secured a Rs 3,515-crore ($581-million) RAPID (refinery and petrochemical integrated development) tank farm order from PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad (Petronas) group, Malaysia.

The tank farm is part of Petronas' RAPID project in Pengerang, Johor, Malaysia.

Developed over 6,242 acres, the project is part of Petronas’ Pengerang Integrated Complex (PIC) development.

Punj Lloyd’s work includes project management, besides procurement, construction and commissioning.

The project requires expertise in the construction of different types of tanks, including storage tanks, LPG tanks, mounded bullets, light cracked naphtha storage, transfer pumps and additive packages, Punj Lloyd said in a statement.

“Punj Lloyd is privileged to be part of PIC’s critical milestone requirements. Our expertise in tankage is recognised globally with our greatest advantage being our in-house engineering skill and extensive project experience of large-scale tank projects,” said J.P. Chalasani, Managing Director and Group CEO, Punj Lloyd.

PIC forms part of the Johor State’s Pengerang Integrated Petroleum Complex (PIPC), which is under Malaysia’s economic transformation programme (ETP) to establish new engines of growth for Malaysia, while meeting future energy requirement and strengthening Petronas' position as a key player in the Asian chemicals market.

PIC involves an investment of $ 27 billion and is poised for its refinery start-up by early 2019, Punj Lloyd added.

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