Business Standard

Punj Lloyd announces Two Repeat Oil & Gas Orders worth Rs 1,461 cr

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Announcement Corporate
  • Onshore Gas Pipeline in Thailand worth Rs 1292 crore
  • Mechanical and Piping for FCC and PRU units of Paradip Refinery, India worth Rs 169 crores

Punj Lloyd, a leading global engineering, procurement and construction conglomerate has bagged two repeat orders in Oil & Gas.

Onshore gas pipeline project in Thailand from PTT Public Company Limited, a Thailand state-owned oil & gas major and one of the largest corporations in Thailand listed in the Fortune Global 500 companies.

The scope of work includes detailed  Engineering,  Procurement,  Construction and Commissioning of 294 km  of  42”  Onshore  Gas  Pipeline  from  the Liquefied Natural Gas (LNG) Terminal at the Maptaphut Industrial Estate near Rayong to a tie-in station on  the  existing  Wang  Noi  to  Kaeng  Khoi  (WNKK)  Pipeline is in Saraburi Province.  The  pipeline  will  transport  a  mixture  of  gas from the LNG Terminal  and  separated  gas  originating  from the Gulf of Thailand, at a pressure of up to 1,250 psig and temperature of 150°F.

 

The project will involve 45 Horizontal Directional Drilling (HDD) crossings close to city dwellings and highways, which will be key in laying the pipeline without disturbing the city above. Punj Lloyd with its large fleet of Maxi rigs and expertise in HDD has worked under expressways, railways, rivers, creeks and canals in crossings of over 92,295 m in length. Punj Lloyd is confident of extending greater value to the project with its HDD capabilities. The project will be executed in 3 years.

Mechanical and Piping work for Fluid catalytic cracker (FCC - INDMAX) unit and the Propylene Recovery Unit (PRU) of IOCL’s Paradip Refinery in Orissa. Both the FCC and the PRU are significant units in the refinery with the FCC upgrading heavier fractions into lighter, more valuable products and the PRU supplying downstream users with polymer-grade propylene for petrochemical applications. Scheduled date of completion is 20 months.

Speaking on this achievement, P.K Gupta, Director - Punj Lloyd, said, “We are proud to announce that in less than a year, Punj Lloyd has bagged its second project from PTT Public Company Limited, the first being an offshore project, consolidating our position in Thailand. This has also established that we are one of the very few companies which enjoy complete confidence and trust of our clients for both onshore and offshore oil & gas projects. The order for the mechanical and piping work of the above units at Paradip comes shortly after the larger EPC contract worth Rs 1123 crore for various process units at Paradip Refinery Project, released in November 2010.

With these contracts, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 28,526 crore. This is the total value of unexecuted orders as on September 30, 2010 and new orders received after that day.

About Punj Lloyd:
Punj Lloyd (BSE SCRIP ID: PUNJLLOYD, NSE SYMBOL: PUNJLLOYD) is a globally diversified conglomerate providing engineering, procurement and construction services in Oil & Gas, Petrochemical and Infrastructures sectors, with interests in aviation, defence and marine. Known for its capabilities in delivering mega projects ‘ontime,’ thereby ensuring repeat customers, the Group possesses a rich experience of successfully delivered projects across the globe, while maintaining the highest standards of health, safety, environment and quality (HSEQ). Further information about the Group is available at www.punjlloydgroup.com

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First Published: Dec 10 2010 | 6:32 PM IST

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