Saipem is a leading global engineering procurement and construction (EPC) contractor.
The cost of the project is estimated at S$1 billion and is to be commissioned by 2011. Besides Punj Lloyd and Saipem, three other global players are reported to be in the race for the terminal project. If Punj Lloyd bags the project, it would be executed through its Singapore subsidiary.
On 18 July 2008, Punj Lloyd received an order worth $108 million from Spain's Tecnicas Reunidas for a project in Abu Dhabi.
On 4 July 2008, the company bagged an order worth Rs 1005 crore from GVK Power for its Govindwal Sahib coal fired thermal power plant project in Punjab.
On 6 June 2008, Punj Lloyd secured an order worth Rs 649 crore for motor spirit quality upgradation project from Indian Oil Corporation for its Barauni Refinery, Bihar.
Punj Lloyd’s net profit surged 296.8% to Rs 84.12 crore on 120.5% increase in net sales to Rs 1558.58 crore in Q1 June 2008 over Q1 June 2007.
The company provides engineering, designing, procurement, construction and project management services for energy industry and infrastructure sector.
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