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Sun 14 Oct 2007 12:12 AM

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Punj Lloyd bags $99mn Qatar pipeline deal

Indian construction firm will build a multi-product pipeline from Messaieed to Doha.

Indian engineering and construction firm Punj Lloyd Ltd said on Friday it had received a contract worth 3.9 billion rupees ($99 million) to construct a pipeline for Qatar Petroleum.

The Indian firm will construct a multi-product pipeline on an EPC (engineering, procurement and construction) basis to run from Qatar Petroleum's  Messaieed refinery to its Doha Depot. The contract also involves station work at Messaieed and Doha, including demolition. The project is expected to reach completion in 17 months.

Punj Lloyd firm said in a statement the order backlog for the group had risen to 168.7 billion rupees. Qatar is a major focus area for the company which now has four projects in the country.

Other contracts include the Doha urban pipeline relocation, Ras Laffan Messaieed ethylene and butane pipeline and fuel systems for the New Doha International Airport.

Shares in Punj Lloyd were up 3% at 367.60 rupees at 0835 GMT in a Mumbai market that was down 0.26%.

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