Date:13/06/2006 URL: http://www.thehindubusinessline.com/2006/06/13/stories/2006061302350200.htm

Back Punj Lloyd bags Rs 302-cr order from RIDCOR

Our Bureau

New Delhi , June 12

Engineering and construction firm Punj Lloyd Ltd said on Monday that it has bagged a Rs 302-crore project from the Road Infrastructure Development Company of Rajasthan Ltd (RIDCOR) for improvement and maintenance work of the Lalsot to Kota road section in the State.

The project involves widening of the 195-km stretch of existing road to two lanes with a width of 10.5 metres. The work is expected to be completed within 21 months and the maintenance would be completed in another 60 months, the company said in a release. RIDCOR is a joint initiative between the Rajasthan Government and IL&FS Ltd.

"We are already executing three other RIDCOR projects valued at Rs 593 crore. With this project, Punj Lloyd has four highways projects in Rajasthan. This reiterates the confidence of our clients in our competencies," the company Chairman and Managing Director, Mr Atul Punj, said.

Singapore order

The company has also bagged a Rs 117-crore order from Singapore-based Helios Terminal Corporation Pte Ltd, for procurement and construction of storage tanks and other works for the Bulk Liquid Storage and Blending Facility at Jurong Island, Singapore.