Punj Lloyd bags Rs 826 cr deal from Gujarat State Petro Corp

Punj Lloyd bags Rs 826 cr deal from GSPC
Punj Lloyd announced to win a contract from Gujarat State Petroleum Corporation (GSPC) worth Rs 826 crore. The contract is for a submarine pipeline project in an exploration block on the country's East Coast and is to be completed by April, 23.

The contract has led the order backlog for the company to Rs 25,199 crore. Commenting on the development, the company said, “The scope of work for the lumpsum turnkey engineering, procurement and construction contract includes a 24.5-km-long pipeline from Process-cum-Living Quarter Platform (PLQP) to Onshore Gas Terminal (OGT), a 15-km-long effluent disposal pipeline and 24.5 km of optical fibre cabling."

Infrastructure major, Punj Lloyd has so far constructed more than 10,000 km of onshore and offshore pipelines globally, for the world's major oil & gas conglomerates. The company, known for its diversified international conglomerate, offers EPC services in energy and infrastructure as well as deals with engineering and manufacturing capabilities in the defence sector.

Therefore, the government's efforts to increase exploration and activity in the oil and gas space have given the company a broader scope to establish itself.

Read more about: oil and gas, gspc, punj llyod, bse, nse
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