Punj Lloyd bags 4 highway projects worth Rs 1555 Cr No ratings yet.

January 25, 2016 5:24 am
   

Punj Lloyd won four major EPC orders in Bihar, Chhattisgarh, Odisha, and Punjab, worth Rs 1,555 Crore. These projects have been awarded to Punj Lloyd by the Ministry of Road Transportation and Highways.
In an interview with CNBC, the President and CEO of EPC giant, Shantanu Karkun mentioned that the Company won four highway projects in East India along with little bit of North and 24 to 30 months will be enough to complete these projects.
Mr. Karkun clarified that the project in Bihar is an extension of its own creation which it completed two years ago and now that Khagaria-Purnea road will be extended by investing Rs 570 crore.
Another road project in Chhattisgarh is a construction on NH-200, where 4 to 6 laning of 48 km, from Raipur to Sigma will take about 30 months to complete. Mr. Shantanu Karkun told CNBC that the Company will be putting resources worth Rs 513 crore.
The project in Punjab is small as compared to others that the Company won, so it will take less than 18 months to complete. As it’s a small project, Punj Lloyd will be working on it by partnering with local companies where the former has a share of 30% only.
The last project in Odisha, is a rehabilitation of 50 km from Talebani to Sambalpur on NH-6. The Punj Lloyd has segregated Rs 392 crore for its construction.