Punj Lloyd Group has been awarded a contract for mechanical works for a value of $30,795,888 amounting Rs 153 crore approximately from SK Engineering & Construction, Singapore. The said work shall consist of structural, mechanical and piping works forming part of the Jurong Aromatics Complex Project located at Jurong Island, Singapore.
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.
The company has reported consolidated net profit to Rs 74.6 crore for the third quarter ended December 31, on higher sales. The company had clocked a net loss of Rs 59.9 crore in the October-December quarter of the last fiscal. The income from operations during the quarter went up by 28.71% to Rs 2,694 crore from over Rs 2,093 crore in the same period a year ago.