Construction firm Punj Lloyd Ltd today said it has bagged a project worth Rs 302 crore from Road Infrastructure Development Company of Rajasthan Ltd (Ridcor) for improvement and performance-based maintenance works on the Lalsot to Kota road in Rajasthan. | |
| The project involves widening of the 195 km stretch of existing road to two lanes with a width of 10.5 metres. |
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| The improvement work is expected to be completed within 21 months while the maintenance would take another 60 months after the improvement work is completed, the company informed the Bombay Stock Exchange. |
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| "We are already executing three other Ridcor projects valued at Rs 593 crore. With this project, Punj Lloyd has to its credit four highways projects in Rajasthan. This reiterates the confidence of our clients in our competencies," Punj Lloyd Chairman and Managing Director Atul Punj said. |
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| The company has also bagged a Rs 117 crore order from Singapore-based Helios Terminal Corporation Pte Ltd, for procurement and construction of storage tanks and other works for the bulk liquid storage and blending facility, at Jurong Island, Singapore. |
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| Ridcor is a joint initiative between the Rajasthan government an IL and FS Ltd. The shares of the company were trading at Rs 811.10, up 1.31 per cent on the BSE. |
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| Punj Lloyd is an engineering construction company, which provides design, engineering, procurement, construction and project management services for energy industry and infrastructure sector projects. |
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