Monday, November 5, 2007

Punj Lloyd unit wins $450mn EPC deal

Sembawang Engineers and Constructors Private Limited, a wholly-owned subsidiary of Punj Lloyd, has bagged a turnkey contract worth $450 million from Jurong Aromatics Corporation (JAG) for engineering, procurement and construction (EPC) at a new mega aromatics plant on Jurong Island, Singapore.

Work on the JAG complex will start in 2008, and is scheduled for completion in 2011. Upon completion, the complex will have a capacity of around 1.5 million tonne of aromatics comprising 800,000 tonne of para-xylene, 200,000 tonne of ortho-xylene and 450,000 tonne of benzane as well as about 2.5 million tonne of petroleum products.

Alwyn Bowden, president and CEO, Sembawang E&C, said: "We are delighted by the award and to be involved in the engineering and construction of this aromatics facility, which will be one of the largest, privately-owned petrochemical projects in Singapore and the region. Being selected for the project by an international consortium like JAC is testament to our expertise and capabilities in delivering world-class EPC work on sophisticated industrial plants and infrastructure projects."

The order backlog for the Punj Lloyd group, on a consolidated basis, has gone up to Rs 18,622 crore.

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