Punj Lloyd Gets Rs 590 Cr IOC Order

Punj Lloyd Ltd (PLL), energy and infrastructure service companyt, will build two process units at state-owned Indian Oil Corporation (IOC) Vadodara refinery in Gujarat for Rs 590 crore. The work will be completed in 28 months from the date a letter of award is issued to it. This project assumes strategic importance for Punj Lloyd as other refineries are also expected to take up similar projects in the coming years. With this, the order book of the Punj Lloyd group has gone up to Rs 18,484 crore in reference to unfinished orders on Sep 30, 2007.