Infrastructure major Punj Lloyd today said it has recently won contracts worth Rs 664 crore to build residential complexes in India and Singapore.
"In Singapore, Sembawang Engineers and Constructors Pte Ltd, a Punj Lloyd company, won a major contract from the Housing and Development Board of Singapore (HDB) to build McNair Towers, a public-housing development of four residential blocks," it said in a statement.
The McNair Towers, launched in May by HDB, would have 861 premium apartments. The contract will complete in fourth quarter of 2016.
In India, the company bagged an order from TRIF Real Estate and Development Pvt Ltd, a special purpose vehicle (SPV) of Tata Realty and Infrastructure Limited, for construction of integrated residential and retail complex titled Capitol Heights in Nagpur, it added.
The project is scheduled for completion in 27 months, the statement further said.
"It is encouraging to note that spending on infrastructure is beginning to get a boost. Both these orders reflect a cautious change in global sentiments. As a global entity, we will remain focused on executing challenging projects both in India and abroad," Punj Lloyd Chairman Atul Punj said in the statement.
With these contracts, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs 26,870 crore. This includes unexecuted orders as on June 30, 2012 and new orders received since then, the company said.
Shares of the company today settled lower by 1.42% at Rs 48.70 apiece on the BSE.