Infrastructure major Punj Lloyd today said it has won a Rs 826 crore contract from Gujarat State Petroleum Corporation (GSPC) for a submarine pipeline project in an exploration block on the country's East Coast.
The contract is scheduled to be completed by April, 2013, the company said, adding that so far, it has laid more than 10,000 km of onshore and offshore pipelines globally.
"The scope of work for the lumpsum turnkey engineering, procurement and construction contract includes a 24.5-km-long pipeline from Process-cum-Living Quarter Platform (PLQP) to Onshore Gas Terminal (OGT), a 15-km-long effluent disposal pipeline and 24.5 km of optical fibre cabling," the company said.
The government's initiative to increase exploration activity in the oil and gas space has opened a plethora of opportunities for the Indian infrastructure sector, said Punj Lloyd Director PK Gupta, speaking about the contract.
"With our significant experience in every aspect of the energy chain and our large fleet of offshore installation spreads... We are confident of combating the challenging weather conditions and high water currents to successfully execute this project on time," he said.
From Libya to Kazakhstan and Turkey to Indonesia, Punj Lloyd has laid more than 10,000 km of onshore and offshore pipeline for the world's major oil & gas conglomerates, the statement said.
With the present contract, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs 25,199 crore.
Punj Lloyd Group is a diversified international conglomerate offering EPC services in energy and infrastructure along with engineering and manufacturing capabilities in the defence sector.
