Punj Lloyd Infrastructure (PLIL), a wholly owned subsidiary of Punj Lloyd and the group’s infrastructure development arm has bagged a Letter of Award (LOA) from Delhi Police for the development of Police Residential Complex at Dheerpur, Delhi on Design, Build, Finance, Operate and Transfer (DBFOT) basis.
With an estimated cost of around Rs 1,300 core, the project primarily entails development operation and maintenance of the residential zone of over 5,000 units i.e., around 40 lakh sq ft along with utility facilities such as sewerage and water treatment. Development and commercial operations of the non-residential infrastructure such as school, healthcare, convenience shopping, as per the norms laid down in the Delhi Master Plan 2021 was also included in the project.
PLIL will be signing a concession agreement with Delhi Police, which is under the aegis of Ministry of Home Affairs (MHA), for 25 years and will be entitled to semi-annual annuities of Rs 62.75 crore along with construction milestone linked lump sum payments of Rs 316 core.
Punj Lloyd provides engineering, procurement, construction (EPC) and project management services. It provides services to oil and gas, energy, infrastructure petrochemical, telecom broadband and utilities sectors, among others.