Punj Lloyd secures order from Qatar Petroleum

Punj Lloyd Ltd has announced that it has secured a contract to construct the Multi-product pipeline from Qatar Petroleum on an EPC basis. The value of the contract is Rs 389 crores.

In this regard the Company has issued the following Press Release:

"Punj Lloyd Ltd has secured a contract to construct the Multi-Product pipeline from Qatar Petroleum on an EPC basis. The total value of contract is Qatar Riyal (QR) 360 million.

The scope of work involves Engineering, Procurement & Construction on LSTK basis of 46 km of 18" multi-product pipeline from Messaieed refinery to Doha Depot for Qatar Petroleum. The project is likely to be completed in 17 (seventeen) months.

The contract also involves the station work at Messaieed refinery and Doha depot including demolition.

This EPC order is another feather in the cap Punj Lloyd, for which Qatar is a major focus, this being the fourth project to be executed in the country. These include the prestigious Doha Urban Pipeline Relocation, Ras Laffan Messaieed Ethylene & Butane pipeline and fuel systems for the New Doha International Airport, a testimony to Punj Lloyd's capability of laying onshore pipelines an infrastructure projects.

With this, the order backlog for the Punj Lloyd group on consolidated basis has gone up to Rs 16,872.46 crore. This is the total value of unexecuted orders as of June 30, 2007 and new orders received till date."