Punj Lloyd wins Rs 3,254 cr award to develop Libyan city infra

Project covers about 2,400 hectares and is scheduled to be completed in four years

Engineering major Punj Llyod today said it has won Rs 3,254-crore contract for constructing infrastructure facilities in in a Libyan city.

"We wish to inform that the company has been awarded a contract to design and construct infrastructure facilities of Zliten city (Libya)," Punj Lloyd said in a filing to the BSE.

The project involves design and construction of the storm and sewer network, water network, telecommunication and power distribution network, natural gas network, street lighting and road works including landscaping of parks and green areas.

The project covers about 2,400 hectares, almost the entire area of Zliten city and is scheduled to be completed in four years.

"The approximate cost of the said project is LYD 665.719 million, equivalent to $540 million or Rs 3,254 crore," the filing said.

The shares of the company closed at Rs 34.70 a piece, up 0.87% from the previous close on the BSE.