Punj Lloyd, the diversified group offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector, has unexecuted orders worth Rs. 20,222 crore, as on March 31, 2014, that includes new orders received after that date.
According to the group’s performance overview for Q4 and FY14, infrastructure saw maximum share of orders at Rs. 11,724 crore (58 per cent) followed by process at Rs. 4,870 (24 per cent), power and others at Rs. 1,515 (7 per cent), pipeline at Rs. 988 (5 per cent), tankage at Rs. 514 (3 per cent) and offshore at Rs. 611 (3 per cent).
Geographically, the maximum orders came from the Middle East and Africa at Rs. 12,824 (63 per cent) followed by South Asia at Rs. 3,957 (20 per cent), Southeast Asia at Rs. 3,330 (16 per cent) and Rest of World at Rs. 111 (1 per cent).
“While the last two-three years have had their share of challenges, we are optimistic of improved performance going forward with a stable government at the Centre. Also, we expect the new government will provide an environment conducive to growth and revive the investment climate particularly in the infrastructure and energy sectors,” Atul Punj, Chairman, Punj Lloyd Group, said while announcing the financial results for the fourth quarter and annual results of FY14.
Last month, Punj Lloyd, has received a Letter of Award for the construction of a 42-km, 2×3 lane dual carriageway project in Yemen, between Doraigh and Noubat Dokaim. The order came from that country’s Ministry of Public Works & Highways. The project, valued at Rs. 1,270 crore ($211.41 million), is funded by Saudi Development Fund.
Located 60 km from the port city of Aden, the scope of work for this project comprises construction of a 210 lane-km new carriageway greenfield project. It involves excavation of over 10 million cubic metre, road paving, surface sealing, two major concrete overpass bridges, box and pipe culvert construction, and associated infrastructure work.
Winning a Rs. 1,270-crore expressway project in Yemen and another Rs. 3,254-crore buildings and infrastructure project in Libya reflects our strategy of pursuing global markets and strengthening group operations by focusing on project earnings. The group will continue to explore opportunities in other markets in an endeavour to expand global footprint,” Atul Punj noted.