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Punj Lloyd’s subsidiaries receives 1770 crore Order

November 5, 2007

Punj Lloyd has announced that Sembawang Engineers and Constructors, a wholly owned subsidiary of the company has been awarded a major turnkey contract worth Rs 1770 crore for engineering, procurement and construction work at the new mega aromatics plant on Jurong Island, Singapore by Jurong Aromatics Corporation.

The contract was awarded by Jurong Aromatics Corporation (JAC) which had recently announced plans to develop the world-scale US$ 2 billion JAG complex that will produce energy and aromatic products to regional end-users as well as to global downstream producers and traders in the textile md plastics industries.

Under the terms of the contract, Sembawang E&C will be responsible for the engineering, procurement and construction of all the ancillary facilities, including the intermediary and finished product tenkage, receiving and exporting jetties, power and steam co-generation plant, waste water treatment unit as well as other utilities and infrastructure which are necessary to provide support to the main conversion units.

Work on the JAG complex will start in 2008 and is slated for completion in 2011. Upon completion, the JAG acuity will have a capacity of around 1.5 million tonnes of aromatics, comprising 800,000 tonnes of para-xylene, 200,000 tonnes of ortho-xylene, and 450,000 tonnes of benzane, as well as about 2.5 million tonnes of petroleum products.

With this, the order backlog for the Punj Lloyd group on consolidated basis ha gone up to Rs 18,622 crore. This is the total value of unexecuted orders as of 30 September 2007 end new order, received till date.

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