Punj Lloyd gets $108m Abu Dhabi order
Mumbai, July 18, 2008
Indian construction and engineering firm Punj Lloyd said on Friday it got a contract worth $108 million from Spain's Tecnicas Reunidas to carry out mechanical works for a project in a Abu Dhabi-based company.
The Indian group has received the order on two off-sites and utilities project at Abu Dhabi Polymers Company and the work involves piping fabrication, steel and equipment erection, the company said in a filing to the Bombay Stock Exchange.
Abu Dhabi Polymers Co is a joint venture between Abu Dhabi National Oil Co and Vienna-based Borealis. In 2007, the company had signed a contract with Spain's Tecnicas Reunidas SA to build off-site and utility facilities.
Earlier, on March 31, the company had received an order worth $68 million from Italy-based Tecnimont SpA for polyolefins project of Abu Dhabi Polymers Company.