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Punj Lloyd-Limak JV wins Rs. 2780 crore pipeline contract

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Capital Market

In Turkey

Punj Lloyd has received contract for 459 km of the 48" dia TANAP Gas Pipeline in Turkey worth Rs 2780 crore (USD 409 million) in joint venture with Limak (50:50), from TANAP Dogalgaz Iletim A.S.

The Company's value of the project amounts to Rs 1390 crore (USD 204 million). TANAP, The Trans Anatolian Natural Gas Pipeline Project, will be built to transport natural gas emanating from the South Caucasus Pipeline Company in Georgia and terminating into the Trans Adriatic Pipeline (TAP) in Greece.

The Company's scope of work in the project is the second phase of construction from the new Eskisehir Compressor Station to the tie-in point of Trans Adriatic Pipeline.

 

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First Published: Jan 28 2016 | 10:19 AM IST

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