Punj Lloyd’s JV has bagged a contract worth Rs 1,177-crore in Myanmar from the National Highways Authority of India (NHAI). NHAI has awarded its first international project to the joint venture (JV) between the company and Varaha Infrastructure. The JV has won the bid to construct the Yagyi- Kalewa road section in Myanmar. The project will be based on engineering, procurement and construction (EPC) model.
Under the project, the company will be required to build a road stretch of nearly 120 km within 36 months and the job includes construction of 3 major and 2 minor bridges. The company is also supposed to maintain the project for five years.
Punj Lloyd is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector.