Punj Lloyd-led consortium bags $500 mn project

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Posted: 2008-03-07 15:59:31+05:30 IST
Updated: Mar 07, 2008 at 1620 hrs IST

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Mumbai, March 7:: A consortium led by engineering construction company Punj Lloyd has bagged a nearly USD 500 million-dollar (about Rs 2,000 crore) Sabah Sarawak Gas Pipeline project in Malaysia.

In a filing to the Bombay Stock Exchange Punj Lloyd said, the project was awarded by Petronas Carigali Sdn Bhd, a subsidiary of Petronas, the state oil and gas major in Malaysia.

The scope of work involves engineering, procurement, construction and commissioning of an onshore natural gas pipeline from the proposed Sabah Oil and Gas Terminal in Kimanis, Sabah to Petronas Liquefied Natural Gas complex in Bintulu, Sarawak State and associated facilities.

Shares of the company closed at Rs 304.15, down 7.06 per cent on the BSE.

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Punj Lloyd-led consortium bags $500 mn project

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