Punj Lloyd arm bags S$250 mn contract

Punj Lloyd's arm, Sembawang Engineers and Constructors, is a global engineering, procurement and construction services provider in energy and infrastructure domains.

MUMBAI: Punj Lloyd subsidiary has secured a contract worth over Singapore $ 250 million for sub-structural works at the Sentosa Integrated Resort Development. The contract was awarded by Resorts World at Sentosa, a wholly-owned subsidiary of Genting Group.

Punj Lloyd's arm, Sembawang Engineers and Constructors, is a global engineering, procurement and construction services provider in energy and infrastructure domains.

The scope of work includes the construction and completion of the raft foundation, three levels of the basement and all associated mechanical & engineering work for the massive development. The schedule time for completion of the project is August 2008.

At 2:03 PM, the Punj Lloyd share was up 1.96% at Rs 270.25 with volume traded at 6,21,457 against two-week average of 4,34,722 shares.
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