Punj Llyod’s group has forayed into Kenya market with the Loruk-Borpelo Road project. The company has entered into joint venture agreement with Intex Construction, a local construction company in Kenya, for execution of the project of Kenya Highways Authority.
The contract value for this project is Rs 285 crore. The project which entails construction of 62 km road is located at a distance of 300 km north of Nairobi. Meanwhile, the duration of the project is 30 months.
In addition, Punj Llyod has also won its maiden SEZ project in Gurgaon, at ASF Insignia IT at Gwalpahari, Faridabad-Gurgoan Road, Haryana worth Rs 81 crore. The project has been awarded by Canton Build well and the scope of the project includes the civil, structural work and external development for construction of building B3 including three level basement, the ground floor and 17 storeys, with the built-up of about 11.5 lacs square feet.
