Punj Lloyd bags Rs 350 cr IOC order

Punj Lloyd has bagged a Rs 349.73 crore order from Indian Oil Corporation (IOC) to undertake works at the naptha cracker project in Panipat, Haryana.

According to an official release issued by Punj Lloyd to the BSE today,
the order is to be executed on engineering procurement and construction (EPC) basis and entails construction of offsite and storage facilities at IOC's naphtha cracker project.

Under the terms of the contract, Punj Lloyd would construct storage facilities, including double walled cryogenic storage tanks, storage
spheres, mounded bullets, atmospheric tanks, heaters and pumps.

The project is scheduled to be completed in 24 months with an additional two months for commissioning, the release said.