Punj Lloyd inks 49:51 JV with Swissport

Punj Lloyd has entered into a 49:51 joint venture agreement with Swissport International, a world leader in the ground handling industry.


According to a release issued by Punj to the BSE today, the JV will
leverage Swissport's brand and know-how to develop projects in the Indian ground handling sector.

Atual Punj, chairman of Punj Lloyd, said: "The joint venture will enable Punj Lloyd to enter into a new business field in the aviation sector in India, which has robust growth opportunities. We are enthusiastically looking forward to developing our partnership with Swissport into a very successful business."