Punj Lloyd Ltd

Punj Lloyd Ltd

Punj Lloyd Limited (PLL) was incorporated as a Private Limited Company on September 26th 1988 as Punj Lloyd Engineering Private Limited. The Company is primarily engaged in Engineering Procurement and Construction (EPC) in the Oil Gas and Infrastructure sectors. While it started operations with pipelines followed by tanks and terminals refineries power and civil infrastructure the company has grown rapidly to augment its portfolio to include a whole gamut of services ranging from Upstream Midstream to Downstream segments of the energy sector to petrochemicals chemicals biofuels utilities and buildings. PLL is a transnational company specialising in the energy and infrastructure sectors. The Company provides integrated design engineering procurement construction and project management services. Its operations spread across the Middle East Africa the Caspian Asia Pacific and South Asia. PLL holds an ISO 9001:2000 ISO 14001:1996 and OHSAS 18001:1999 certifications. The Company extends EPC services ranging from Oil & Gas Refineries Civil Infrastructure Thermal Power Asset Management and Telecom & Broadband. During the year 1989 the company name was renamed as Punj Lloyd Private Limited and subsequently became Public Limited in 1992. Again the name was changed to the present name Punj Lloyd Limited. In the same year PLL wins its first overseas pipeline contract in Indonesia. A year back the company gets it first Middle East contract for field development in 1993. During the year 1999 the company forayed into first Road project Vadodara-Halol Tollway India. PLL got the chance for entry into the Caspian with KAM pipeline Kazakshtan in the period of 2002. In 2004 the company bagged EPC Tank contract in Asia Pacific Bulk Liquid Terminal of Singapore. PLL's first Thermal Power Plant Jindal India came to existence in the year 2005. During the year 2006 PLL acquired the Singapore-based Sembawang and Simon Carves UK. The Company had entered into the strategic Joint Venture (JV) agreements with Swissport International for ground & cargo handling Dayim in Saudi Arabia for oil & gas and infrastructure and KAEFER of Germany for insulation. The Company launched new brand identity to its own. In the same year 2006 PLL added the petrochemicals engineering buildings and urban infrastructure projects like airports jetties Mass Rapid Transit Light Rail Transit System hotels resorts to its portfolio. To address the opportunities in the Integrated Drilling Services market the company incorporated Punj Lloyd Upstream Ltd in April of the year 2007. PLL made Joint venture agreement with the Pipavav Shipyard for offshore & shipbuilding and also made JV with Ramprastha Group to forge into Real Estate Development during the year 2007. Punj Lloyd has been awarded a $400-million (INR 1119.2 crore) contract by Marina Bay Sands Pte Ltd thorough its wholly-owned subsidiary company Sembawang Engineers & Constructors Pte Ltd (Sembawang E&C) in February 2008 to construct and build the North Podium of Marina Bay Sands integrated resort comprising the casino theatres and retail arcade in Singapore. During June of the year 2008 The Company has acquired a strategic 74% stake in Technodyne International Limited Eastleigh UK for an undisclosed amount. PLL has signed an agreement to divest interests in its ISP division to a JV formed between Shyam Group the promoters of Shyam Telelink a nationwide unified service access licensee and Spanco Telesystems and Solutions Limited (SPANCOe). The Company has secured a Rs 649 crore contract for the Motor Spirit Quality (MSQ) Upgradation Project of Indian Oil Corporation Limited at Barauni Refinery Bihar. PLL has signed a collaboration agreement with Singapore Technologies Kinetics Ltd (ST Kinetics) for the manufacture of defence equipment during the month June of the year 2008.Punj Lloyd Limited is on the way to achieving its vision of being among the top five global companies of the world in the segments and markets where the company serve during the upcoming years.During year 2008-09 five new subsidiaries were added; Punj Lloyd Systems Pvt. Ltd. (formerly Indtech Construction Pvt. Ltd.) PL Engg. Pvt. Ltd. Technodyne International Ltd. Punj Lloyd Engineers & Constructors Re Ltd. (formerly Abu Dhabi Engineers & Constructors Pte Ltd.) and Punj Lloyd Oil and Gas (Malaysia) Sdn. Bhd. Spectra Net Ltd. and Spectranet Holdings Ltd. ceased to be subsidiaries of Company during 2009. During the year 2009 the Hon'ble High Court of Delhi approved the Scheme of Arrangement for Demerger of Internet ServiceProvider (ISP) Division on a going concern basis into Spectra ISP Networks Pvt. Limited (formerly known as PL Engineering Pvt. Ltd.) a wholly owned subsidiary of the Company. During the year 2009-10 12 new subsidiaries/ step down subsidiaries were added; these are Punj Lloyd SKIL Marine Systems Ltd. Punj Lloyd Delta Renewables Pte. Ltd. Punj Lloyd Delta Renewables Pvt.Ltd. Delta Solar (Bangladesh) Ltd. Buffalo Hills Ltd. Technodyne Engineers Ltd. Sembawang Caspi Engineers & Constructors LLP Sembawang Libya General Contracting & Investment CompanySembawang Australia PTY Ltd. Sembawang Hong Kong Ltd. Sembawang Securities Pte Ltd. and Sembawang Equity Capital Pte Ltd.and one step down subsidiary viz. Sembawang JTCI (China) Pte Ltd. ceased to be subsidiary of the Company.The Company acquired 128150 equity shares of Spectra Punj Lloyd Limited constituting 2.56% of the paid up capital thereby making it wholly owned subsidiary of the Company in 2009-10.During the year 2009-10 the Company executed a share purchase agreement with SKIL Infrastructure Limited (SKIL) and SKIL Shipyard Holding Private Limited (SKIL Shipyard) the Other Promoters of Pipavav Shipyard Limited (PSL) pursuant to which the Company had agreed to sell an aggregate of 129360538 equity shares of Rs.10 each of PSL representing 19.43% of the issued share capital of PSL on the date of the Agreement to SKIL and SKIL Shipyard. Pursuant to the terms of the share purchase agreement these shares have been sold to the buyers at an aggregate consideration of Rs. 656.40 crore.During the year 2011-12 7 new subsidiaries/step down subsidiaries were added; these are Christos Trading Limited Punj Lloyd Iraq Pte Ltd Sembawang Group Pte Ltd Sembawang Tianjin Heping Pte Ltd Punj Lloyd Singapore Pte Ltd Simon Carves Engineering Ltd and Indraprastha Metropolitan Development Ltd.In March 2013 the Company completed work on the Dabhol-Bangalore Pipeline for GAIL India comprising of laying 7 spreads of 820 km of pipeline including two spur lines 71 km to Bangalore and 175 km to Goa. All 6 sub-projects of EPC works of New Water Treatment Plant and Central Processing Facilities Upgrade for Occidental Mukhaizna LLC were completed. Structural Mechanical and Piping (SMP) works for the Jurong Aromatics Complex was completed in Singapore during March 2013. Completed a 5MW solar power plant in Rajasthan.During 2013-14 3 new subsidiaries / step down subsidiaries were added; these are PL Surya Urja Limited India Punj Lloyd Aviation Pte. Limited and Reliance Contractors Private Limited Singapore. PT Contech Bulan Sembawang Australia Pty Limited Sembawang TianjinPte Limited Sembawang Tianjin Heping Pte Limited Sembawang Group Pte Limited and Christos Trading Limited ceased to be subsidiaries of the Company during 2013-14. The Company completed the Coke Drum Structure Package (CDSP) on EPCC basis construction of the insulated crude oil tanks for Cairn India Ltd at Bhogat near Jamnagar on the Arabian Sea Coast in 2013-14. The Vijaipur-Kota pipeline project for GAIL was completed in FY2014. During FY2014 the Company completed the Ascendas International Tech Park project in Pune. During FY2014 the Company completed work on three elevated metro stations i.e. Rajajinagar Kuvempu and Malleshwaram in Reach-3 which were inaugurated in February 2014. The Spiking Project was commissioned in 2014. Falcon Project (Dubai) was commissioned. The Port Tank farm for Saudi Amarco awarded to a JV of Dayim- Punj Lloyd was commissioned in 2014.