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Punj Lloyd bags Rs 469 crore order from ONGC for submarine pipeline

29 Nov 2011 Evaluate

Engineering, procurement and construction company Punj Lloyd Group has bagged a Rs 469 crore order from state-run ONGC for laying a submarine pipeline in the Mumbai High oil and gas field in the Western Offshore. The project, worth Rs 469 crore, is scheduled for commissioning in May, 2013.

The scope of work involves survey, design, engineering, procurement, fabrication and installation of 122 km of submarine pipeline, among other objectives. The project is a part of ONGC's efforts to develop the WO-16 cluster field, located South-East of the SH complex in the Mumbai High Field in water depths of 75-80 metres. Punj Lloyd has previously executed two offshore pipeline projects for ONGC. With this contract, the order backlog for the Punj Lloyd Group on a consolidated basis has gone up to Rs 27,178 crore.

Punj Lloyd Share Price

2.23 0.00 (0.00%)
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