Engineering and Construction major Punj Lloyd said it will hire up to 4,000 people in the next 12 months, and further revealed that the company has been approached by firms to acquire companies in developed markets.
“We are hiring people aggressively and opening training centre. In the next 12 months, we will be hiring 3,000-4,000 people in all verticals,” Punj Llyod Chairman Atul Punj told reporters at the sidelines of India Economic Summit here.
He added that the company has also been approached by many firms from the developed nations for acquisition.
He, however, declined to give details about the companies and said “these are in the same spaces in which we are active”.
When asked if the current economic slowdown has affected the company, Punj said, “We are not affected yet, but I am sure it will happen soon as financing is getting delayed.”
The company has a order backlog of about Rs 21,000 crore which would be cleared over the next 30 months, he said.
Punj Llyod, which is primarily active in oil and gas engineering and urban development infrastructure, has 80 per cent of its businesses located in 19 countries spread across South Asia, SE Asia, Middle East ad North Africa, he said.