Engineering, procurement and construction (EPC) company Punj Lloyd has bagged a cross country pipeline contract worth Rs 2.75 billion. The company received the order for setting up of various infrastructure facilities.
The contract includes civil, structural, mechanical, electrical & instrumentation, piping, cross country pipelines, horizontal direction drilling, equipment assembly, fabrication and erection, marine work, tankages work and electrical and other associated and miscellaneous works and rectification of defective works at a leading refinery in India.
Punj Lloyd's Singapore based wholly owned subsidiary, Punj Lloyd (Q,N,C,F) Pte has sold its entire shareholding in Olive Group Capital, comprising 27.78 per cent of its capital, for a total consideration of $20 million for a mix of initial and deferred consideration.