Punj Lloyd receives termination notice for FTP Contract

25 Feb 2014 Evaluate

Punj Lloyd has received a Termination Notice for FTP Contract. The Fourth Transmission Pipeline contract (FTP Contract) awarded by PTT Public Company, Thailand has issued a Notice of Termination for the said contract.

The company has initiated a legal process to protect its interest fully, as it believes that the action of the client is unlawful and not in accordance with the contract.

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.

Punj Lloyd Share Price

2.16 -0.09 (-4.00%)
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