Punj LLoyd bags oders on Jurong Island

Punj Lloyd Ltd has informed hat that Sembawang Engineers and Constructors Pte Ltd, a wholly owned subsidiary of the Company has been awarded a major turnkey contract worth Rs 1770 crore for engineering, procurement and construction work at the new mega aromatics plant on Jurong Island, Singapore by Jurong Aromatics Corporation Pte Ltd.

In this regard the Company has issued the following press release:

"Punj Lloyd's wholly owned subsidiary, Sembaweng Engineers and Constructors (Simbawang E&C), one of the largest engineering and construction comanies in Southeast Asia, been awarded a major turnkey contract worth US$ 450 million for enginee procuremint and construction work at the new mega aromatics plant on Jurong Island.

The contract was awarded by Jurong Aromatics Corporation Pte Ltd (JAC) which had recently announced plans to develop the world-scale US$ 2 billion JAG Complex that will produce energy and aromatic products to regional end-users as well as to global downstream producers and traders in the textile md plastics industries.

Under the terms of the contract, Sembawang E&C will be responsible for the engineering, procurement and construction of all the ancillary facilities, including the intermediary and finished product tenkage, receiving and exporting jetties, power and steam co-generation plant, waste water treatment unit as well as other utilities and infrastructure which are necessary to provide support to the main conversion units.

Work on the JAG Complex will start in 2008 and is slated for completion in 2011. Upon completion, the JAG acuity will have a capacity of around 1.5 million tonnes of aromatics, comprising 800,000 tonnes of para-xylene, 200,000 tonnes of ortho-xylene, and 450,000 tonnes of benzane, as well as about 2.5 million tonnes of petroleum products.

Mr. Alwyn Bowden, President and CEO, Sembawang E&C said, "We are delighted by this award and to be involved in the engineering and construction of this aromatics facility which will be one of the largest privately-owned petrochemical projects in Singapore and the region. Being selected for this project by an international consortium like JAC is testament to our expertise and capabilities in delivering world-class EPC work on sophisticated industrial plants and infrastructure projects."

With this, the order backlog for the Punj Lloyd group on consolidated basis ha gone up to Rs 18,622 crore. This is the total value of unexecuted orders as of September 30, 2007 end new order, received till date.