Punj Lloyd Group bags an EPC Nuclear Power contract worth Rs 678 cr

Contract from Nuclear Power Corporation of India Ltd. (NPCIL) for nuclear piping work

Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate, today announced winning an EPC Nuclear Power contract from NPCIL worth Rs 678 crore for critical nuclear piping work at four Pressurised Heavy Water Reactors (PHWR) of 700 MWe (Mega Watt electric) each.

The scope of work includes engineering, procurement, erection and commissioning of nuclear equipment and piping for all the systems inside the nuclear reactor buildings. Out of the 4 Pressurised Heavy Water Reactors (PHWR), two are located at Kakrapara Atomic Power Project, KAPP 3&4 near Surat in Gujarat and the other two are at Rajasthan Atomic Power Project, RAPP 7&8 near Kota in Rajasthan. The contract is scheduled to be completed in four years.

On winning the contract, Atul Punj, Chairman, Punj Lloyd, said: “This is a significant win which has opened new avenues for the Group in the booming nuclear power sector. With the government’s ambitious nuclear power target of achieving 63,000 MWe by 2032, the sector in India is poised for robust growth in the future. This contract will place us in the select league of EPC contractors having nuclear power project execution capabilities, strengthening our position both nationally and internationally.” 

Our Group Company, PL Engineering is also working on NPCIL’s Rajasthan Atomic Power Project, RAPP 7&8. The company is carrying out detailed design and engineering for Balance of Plant. Simon Carves, another Group Company has been actively engaged in the nuclear industry since the 1950’s, delivering some of the world’s first nuclear power facilities. The company has provided services in the design and construction of associated nuclear process facilities in areas such as enrichment, fuel fabrication, new build and decommissioning including waste treatment. The company was involved in some nuclear power projects in the UK, which include New Fuel Oxide Plant, Vitrification Plant and Refurbishment South Dissolver Cell.

With this latest contract, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs 24, 373 crore. This is the total value of unexecuted orders as on March 31, 2011, and new orders received after that day.

About Punj Lloyd:
Punj Lloyd (BSE SCRIP ID: PUNJLLOYD, NSE SYMBOL: PUNJLLOYD) The Punj Lloyd Group is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector. Known for its capabilities in delivering mega projects “on time,” thereby ensuring repeat customers, the Group possesses a rich experience of successfully delivered projects across the globe, while maintaining the highest standards of health, safety, environment and quality (HSEQ). Further information about the Group is available at www.punjlloydgroup.com.