Engineering & infrastructure company Punj Lloyd will likely write off in the fourth quarter a Rs 160 crore claim made by its client Ensus for delay in completion of its project. This is over and above the Rs 270 crore the company incurred in cost overruns in the second and third quarters. Punj Lloyd’s subsidiary, Simon Carves (SCL), was contracted to build a bio-ethanol plant for the UK-based Ensus. The project, after being delayed, was commissioned in the third quarter.Ensus on March 3 levied liquidated damages to the tune of £23.1 million for delays in the completion of the project.
SCL has been plagued by execution delays in some of its projects, including in a petrochemical project in
