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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.




Tags: project | Punj Lloyd | Abu Dhabi Polymers |

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