Punj Lloyd bags contracts worth $392 mn in Libya

August 21st, 2009 Swiss president defends apology in Libya disputeBERN, Switzerland — Swiss President Hans-Rudolf Merz defended his apology to Libya for the arrest of Moammar Gadhafi's son, saying Friday it was the only way to secure the release of two Swiss citizens detained by Tripoli. The apology was heavily criticized in the Swiss media, but welcomed by companies eager to do business in the oil-rich North African country.

August 5th, 2009 MUMBAI - Construction and engineering major Larsen and Toubro (L&T) Wednesday said it had bagged contracts worth Rs.853 crore for setting up coal handling plants in Uttar Pradesh and Tamil Nadu. L&T has received a contract from Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVNL) and Neyveli Lignite Corp for setting up coal handling plants at Anpara in Uttar Pradesh and Tuticorin in Tamil Nadu, the company said in a regulatory statement.

August 3rd, 2009 MUMBAI - Construction and engineering major Larsen and Toubro (L&T), Monday said it has bagged two offshore contracts from upstream major Oil and Natural Gas Corp (ONGC) worth Rs.5,300 crore ($1.18 billion). The projects have to be completed within 33 months, the company said in a regulatory statement.

July 28th, 2009 TUI announces support for Hapag-LloydBERLIN — Travel company TUI AG said Tuesday that it will lead a euro315 million ($448 million) purchase of a stake that cash-strapped shipping firm Hapag-Lloyd AG holds in a Hamburg container terminal — the first part of a support package. TUI said that the 25.1 percent stake in the Altenwerder Container Terminal would be bought by a company founded by shareholders of TUI and investment group Albert Ballin GmbH & Co.

July 27th, 2009 NEW DELHI - Construction and engineering major Punj Lloyd Monday said it has posted a net profit of Rs.125 crore in the first quarter this fiscal, up 27 percent from the Rs.98 crore it earned in the corresponding quarter last fiscal. Revenues increased 12 percent to Rs.2,979 crore, compared to Rs.2,658 crore in the year-ago period, the company said in a regulatory statement.

July 10th, 2009 NEW DELHI - Engineering and construction conglomerate Punj Lloyd Friday said it has bagged three projects in Libya worth Rs.5,904 crore ($1.2 billion) for building commercial and residential complexes. The contracts were awarded to Sembawang Engineers and Constructors - a wholly-owned Punj Lloyd subsidiary in Tripoli, Libya - by the International Investment and Services Co, the company said in a regulatory statement.

July 1st, 2009 MUMBAI - India's Engineering and construction major Punj Lloyd bagged a Rs.1,263 crore ($378 million) contract to build two key metro stations in Singapore, the company said Wednesday. The contract, awarded by the Singapore Land Transport Authority to Punj Lloyd's wholly owned subsidiary Sembawang Engineers and Constructors, is for building Botanic Gardens and Stevens stations.

June 3rd, 2009 PANAJI - The standoff between the offshore casino operators and the Goa administration continues with the former refusing to budge from the river Mandovi, off Panaji. While the captain of ports department, which oversees all minor ports in the state, has asked the offshore casino operators to move out of the river by June 8, Narendra Punj spokesperson for the Association of Offshore Casino (AOC) said that the vessels would stay put.

May 16th, 2009 NEW DELHI - Bharatiya Janata Party president Rajnath Singh on Saturday expressed his disappointment over the incoming election results, saying the BJP and the NDA never imagined it would be so devastating. Virtually conceding defeat in the elections, Singh said: "We never imagined this unexpected result.

April 18th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) Saturday said it would complain before the Election Commission against Rashtriya Janata Dal (RJD) chief Lalu Prasad's allegedly 'abusive' remarks about its prime ministerial candidate L.K. Advani. Railway Minister Lalu Prasad Friday told a rally in Darbhanga, Bihar, that the BJP and Advani were responsible for the 1992 demolition of the Babri mosque in Ayodhya.

April 16th, 2009 MUMBAI - Engineering and construction firm Punj Lloyd has won orders worth Rs.308 crore ($62 million) from Bangalore Metro Rail Corp to build eight stations, the company said Thursday. The projects are to be completed in 22 months.

April 16th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) said Thursday that Varun Gandhi would campaign for the party during his two-week parole granted by the Supreme Court. 'The Bharatiya Janata Party welcomes the Supreme Court decision.

March 24th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) Monday backed Varun Gandhi as its candidate in Uttar Pradesh's Pilibhit constituency and said the Election Commission did not have the right to make suggestions on a party's selection of candidates. 'As far as candidature is concerned, I want to say this in clear words that Varun Gandhi will remain our candidate.

March 23rd, 2009 NEW DELHI - Varun Gandhi will continue to be the Bharatiya Janata Party (BJP) candidate in Pilibhit, a party spokesperson said Monday. 'Varun Gandhi was our candidate and will remain so,' Balbir Punj asserted, reacting sharply to the Election Commission's advice not to field Gandhi in the elections because of his allegedly inflammatory campaign speeches.

January 5th, 2009 NEW DELHI - Engineering and construction major Punj Lloyd has secured a Rs.2.64-billion contract from Airports Authority of India to construct a new airport in Sikkim, the company announced Tuesday. The project -- at Pakyong in East Sikkim and expected to be completed in 24 months -- includes the construction of a 30 metre wide runway of 1.7-km length, taxiway, apron drainage system and electrical work on the airport.