Punj Lloyd bags Rs 1,418-cr worth order from KNPC

This is the company's first foray in Kuwait; the cumulative order booking in FY15 reaches Rs 6,425 cr

Punj Lloyd has bagged the order for expansion and revamping of Ahmadi Depot from Kuwait National Petroleum Company (KNPC). This project, valued at Rs 1,418 crore ($236.09 million), is scheduled for completion in 35 months. Kuwait is the latest addition to Punj Lloyd's geographical presence, bringing its global operations to 24 countries.

The scope of work includes the Design,Detailed Engineering, Procurement, Construction and Commissioning of 11 newFloating Roof Product Tanks with a capacity of around 228,000 cubic metres. It also includes allied civil work, interconnecting piping, construction of multiproduct loading points, sub-substation with all electrical systems including emergency power supply and control building besides replacement of depot automation systems (TAS), integration to the new tank gauging system,upgradation of existing Vapour Recovery Unit (VRU), Cathodic Protection System with remote monitoring, fire protection system and all utility packages.

ManagingDirector & Group CEO, Punj Lloyd, J P Chalasani said, "The first quarter has seen a good increase in our order book. As India's infrastructureopens up, we hope to see equal success in securing projects in India." With this new order, the Group's order backlog stands at Rs 22,063 crore. The order backlog is the value of unexecuted orders on March 31, 2014 plus new orders received after that date.

According to Atul Jain, CEO - Pipeline & Tankage, the project would help in enhancingthe storage and loading capacity of fuel at the Ahmadi Depot, which is one ofthe two depots owned and operated by Kuwait National Petroleum Company.