 "Punj Lloyd wins 4 highway contracts worth Rs 1,555 crore")
Punj Lloyd on January 4, 2016 announced that it has won four highway EPC projects worth Rs 1555 crores in the states of Bihar, Chhattisgarh, Odisha and Punjab. The projects in Bihar, Chhattisgarh and Odisha have been awarded to Punj Lloyd by the National Highways Authority of India (NHAI) while the order in Punjab has been won from the Ministry of Road Transport and Highways (MORTH).
Worth Rs 567 crore, the scope of work for the Bihar project entails four laning of 60 km of the Simaria-Khagaria section of NH 31. Punj Lloyd was the developer for 140 km of the Khagaria-Purnea section on the same highway.
The Chhattisgarh package, worth Rs 513 crore, comprises the four/six laning of 48 km of the Raipur-Simga section of NH 200 in the State of Chhattisgarh. This contract includes the bypass and 22 supporting structures like flyover, vehicular underpass (VUP) and bridges. This section of NH 200 is the major power hub of India connecting the state capital, Raipur to Bilaspur through various industrial and commercial establishments.
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In Odisha, Punj Lloyd has been entrusted with the rehabilitation and upgradation of four laning with paved shoulders of 50 km of the Talebani to Sambalpur section of NH 6 in the state of Odisha. The contract is worth Rs 392 crore.
The fourth contract in Punjab, won in joint venture with VRC Constructions (I) Pvt Ltd, has been awarded to Punj Lloyd by MORTH for four laning with paved side shoulders of 35 km of the Tallewal-Barnala section of the NH 71 in the state of Punjab. The construction of the Barnala bypass and 13 other supporting infrastructure including flyovers, VUP/passenger underpass (PUP), road over bridge (ROB) & bridges, also fall under Punj Lloyd’s scope of work.
Shantanu Karkun, president and CEO, buildings & infrastructure, Punj Lloyd, commented, “These orders, won pan India, are a strong attestation of Punj Lloyd’s delivery in infrastructure, not surprising as Punj Lloyd has always prided itself with construction of high quality highways that delight users, making their travel enjoyable and reducing travel time, whether through its projects for the Golden Quadrilateral or the East West Corridor.
These prestigious projects fall under the National Highways Development Project (NHDP), Phase IV to widen major highways in India to a higher standard. With these four wins, the Group’s order backlog stands at Rs 21,838 crore. The order backlog is the value of unexecuted orders on September 30, 2015 plus new orders received after that date.
