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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Punj Lloyd Limited    PUNJLLOYD   INE701B01021

PUNJ LLOYD LIMITED

(PUNJLLOYD)
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Punj Lloyd : Oman's Glafar wins $1.9m Fahud-Sohar pipeline contract

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02/12/2019 | 12:35pm EST

The Punj Lloyd-led project is scheduled to be completed in three months from the award letter’s date.

Galfar EngineeringGECS

-2.78% 0.07 -0.00

Mubasher:Omani construction contractor Galfar Engineering & Contracting announced that it has been awarded a contract for a pipeline project by India-based Punj Lloyd.

The OMR 753,000 ($1.9 million) deal includes the construction of a 36.5 centimetres piping for the Fahud-Sohar pipeline’s natural gas liquid (NGL) component, according to the Omani firm’s statement to the Muscat Securities Market (MSM).

The Punj Lloyd-led project is scheduled to be completed in three months from the award letter’s date, 3 February.

The India-headquartered construction contracting firm has other significant projects in the Middle East, including the $57.75 million offshore contract from Saudi Al-Khafji Joint Operations as well as the Kuwait National Petroleum Co’s expansion of Ahmadi Depot.

The Fahud-Sohar pipeline is part of a contract won from Oman Oil Refineries and Petroleum Industries Co (Orpic) and Oman Gas Co (OGC), Punj Lloyd said in its annual report for fiscal year 2017/2018.

As part of Orpic’s $6.4 billionLiwa Plastic Industries Complex, the Fahud-Sohar pipeline will travel from the new Fahud NGL plant to the steam cracker unit scheme in Sohar.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
GALFAR ENGINEERING AND CONTRACTING CO. 0.00% 0.07 End-of-day quote.-16.67%
PUNJ LLOYD LIMITED -2.78% 1.75 End-of-day quote.-58.33%
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Rakesh Amol Group Chief Executive Officer
Atul Punj Executive Chairman & Managing Director
Ajay Kumar Singh Chief Operating Officer
Rahul Maheshwari Chief Financial Officer
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