Punj Lloyd bags four high projects worth Rs.1,555 crore

Mumbai, Jan 4 (IANS) Diversified conglomerate Punj Lloyd on Monday informed that it has bagged four highway development projects worth Rs.1,555 crore.

“These prestigious projects fall under the National Highways Development Project (NHDP), phase IV to widen major highways in India to a higher standard,” said Shantanu Karkun, president and chief executive for buildings and infrastructure with Punj Lloyd.

According to the company, the new projects are spread across 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),” the company was quoted in a regulatory filing to the stock exchanges.

“While the order in Punjab has been won from the Ministry of Road Transport and Highways (MORTH).”

The company’s Bihar project worth Rs.567 crore entails four-laning of 60 km of the Simaria-Khagaria section of NH (national highway) 31.

“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,” the regulatory filing said.

“This contract includes the bypass and 22 supporting structures like flyover, vehicular underpass (VUP) and bridges.”

The company cited that the Chhattisgarh section of NH-200 is a major power hub of India connecting the state capital, Raipur to Bilaspur through various industrial and commercial establishments.

In Odisha, the company has been awarded a contract worth Rs.392 crore for four laning with paved shoulders of 50 km of NH 6 section between Talebani and Sambalpur.

“The fourth contract in Punjab, won in joint venture with VRC Constructions has been awarded for four laning with paved side shoulders of 35 km of the Tallewal-Barnala section of the NH 71,” the regulatory filing elaborated.

“The Barnala bypass and 13 other supporting infrastructure including flyovers, VUP/passenger underpass (PUP), road over bridge (ROB) and bridges, also fall under Punj Lloyd’s scope of work.”

The company disclosed that with addition of these four new projects, the Group’s order backlog stood at Rs.21,838 crore.

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