Punj Lloyd bags Rs.5,904 crore contracts in Libya

October 14th, 2009 MUMBAI - Construction and engineering major Larsen and Toubro Wednesday said it has bagged orders worth Rs.966 crore from Sterlite Industries, Uttar Pradesh Jal Nigam and Gujarat Water Infrastructure. In a regulatory statement, it received an engineering contract worth Rs.488 crore from Uttar Pradesh Jal Nigam, a government utility to oversee development of water supply and sewerage system in the state.

October 6th, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged orders worth Rs.1,513 crore during the second quarter this fiscal, the company said Tuesday. Buildings and Factories Operating Co, part of L&T's construction division, has secured a Rs.621-crore contract from DB Hospitality Ltd for building a high-rise tower, India Tower, at Charni road, Mumbai.

September 8th, 2009 PANAJI - Offshore and onshore casinos in Goa will shut down Wednesday in protest against the state government's decision to sharply hike the entry fee from Rs.200 to Rs.2,000 per person. "The steep hike is throttling business," Casino Association of Goa (CAG) spokesperson Narinder Punj told reporters Tuesday.

September 2nd, 2009 KOLKATA - State-run energy explorer Oil India Ltd (OIL) will start drilling oil blocks in Libya from October for exploring an estimated two trillion cubic metres of reserves, a top company official said Wednesday. "We will drill four wells in Libya by 2010-11.

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 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 17th, 2009 NEW DELHI - Despite spending 17,000 crore rupees on river cleaning projects, Ganga and Yamuna were "no cleaner" now as they were two decades ago, the government has admitted in Lok Sabha. Responding to a Calling Attention Motion on checking pollution in rivers and lakes in India, Environment Minister Jairam Ramesh said: "I admit with full responsibility that Ganga and Yamuna are no cleaner than 20 years ago." Ramesh added that a "determined and renewed effort" was required to cleanse these major rivers.

July 2nd, 2009 NEW DELHI - Engineering and construction major Punj Lloyd has bagged three contracts worth Rs.1,873.18 crore ($392 million) from the Housing and Infrastructure Board of Libya, the company said Thursday. As per the contract, the Indian company will build roads, networks for drinking water, sewage water and storm water and electrical and communication infrastructure in three towns in Libya, 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.

July 1st, 2009 MUMBAI - Engineering and construction major Larsen and Toubro (L&T) has bagged orders aggregating Rs.651 crore (Rs.6.51 billion/$135 million) for two hydrocarbon projects. It has won a Rs.440-crore contract from HPCL-Mittal Energy to build a greenfield refinery at Bathinda, the company said in a regulatory statement Wednesday.

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.

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.

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.