Punj Llyod bags Rs 574 cr project in Thailand for oil facility

NEW DELHI: Engineering and construction company Punj Lloyd on Thursday said it has bagged a Rs 574-crore project in Thailand for an offshore oil facility.

The project, secured from Thailand's state-owned oil and gas firm PTT Public Company Ltd, entails installing three compressor units for a platform station in the Gulf of Thailand, the company said in a statement.

"Upon completion, the project will facilitate boosting the pressure of gas being supplied downstream. This would help meeting the rising demand of gas within Thailand's domestic market for power plants and other users," Punj Lloyd director PK Gupta said.