Today's Top Gainer
Note:Top Gainer - Nifty 50 More
|Chairman Emeritus||S N P Punj|
|Chairman & Managing Director||Atul Punj|
Punj Lloyd Limited (PLL) was incorporated in September 26th of the year 1988 as Punj Lloyd Engineering Private Limited. While it started operations with pipelines, followed by tanks and terminals, refineries, power and civil infrastructure, the company has grown rapidly to augment its portfolio to include a whole gamut of services ranging from Upstream, Midstream to Downstream segments of the energy sector, to petrochemicals, chemicals, biofuels, utilities and buildings. PLL is a transnational company specialising in the energy and infrastructure sectors. The Company provides integrated design, engineering, procurement, construction and project management services. Its operations spread across the Middle East, Africa, the Caspian, Asia Pacific and South Asia. PLL holds an ISO 9001:2000, ISO 14001:1996 and OHSAS 18001:1999 certifications. The Company extends EPC services ranging from Oil & Gas, Refineries, Civil Infrastructure, Thermal Power, Asset Management and Telecom & Broadband. During the year 1989, the company name was renamed as Punj Lloyd Private Limited and subsequently became Public Limited in 1992. Again the name was changed to the present name Punj Lloyd Limited. In the same year PLL wins its first overseas pipeline contract in Indonesia. A year back, the company gets it first Middle East contract for field development in 1993. During the year 1999, the company forayed into first Road project, Vadodara-Halol Tollway, India. PLL got the chance for entry into the Caspian with KAM pipeline, Kazakshtan in the period of 2002. In 2004, the company bagged EPC Tank contract in Asia Pacific, Bulk Liquid Terminal of Singapore. PLLs first Thermal Power Plant, Jindal, India came to existence in the year 2005. During the year 2006, PLL acquired the Singapore-based Sembawang and Simon Carves, UK. The Company had entered into the strategic Joint Venture (JV) agreements with Swissport International for ground & cargo handling, Dayim in Saudi Arabia for oil & gas and infrastructure and KAEFER of Germany for insulation. The Company launched new brand identity to its own. In the same year 2006, PLL added the petrochemicals, engineering, buildings and urban infrastructure projects like airports, jetties, Mass Rapid Transit, Light Rail Transit System, hotels, resorts, to its portfolio. To address the opportunities in the Integrated Drilling Services market, the company incorporated Punj Lloyd Upstream Ltd in April of the year 2007. PLL made Joint venture agreement with the Pipavav Shipyard for offshore & shipbuilding and also made JV with Ramprastha Group to forge into Real Estate Development during the year 2007. Punj Lloyd has been awarded a $400-million (INR 1119.2 crore) contract by Marina Bay Sands Pte Ltd thorough its wholly-owned subsidiary company Sembawang Engineers & Constructors Pte Ltd (Sembawang E&C) in February 2008 to construct and build the North Podium of Marina Bay Sands integrated resort comprising the casino, theatres and retail arcade in Singapore. During June of the year 2008, The Company has acquired a strategic 74% stake in Technodyne International Limited, Eastleigh, UK for an undisclosed amount. PLL has signed an agreement, to divest interests in its ISP division to a JV formed between Shyam Group, the promoters of Shyam Telelink, a nationwide unified service access licensee and Spanco Telesystems and Solutions Limited (SPANCOe). The Company has secured a Rs 649 crore contract for the Motor Spirit Quality (MSQ) Upgradation Project of Indian Oil Corporation Limited at Barauni Refinery, Bihar. PLL has signed a collaboration agreement with Singapore Technologies Kinetics Ltd (ST Kinetics), for the manufacture of defence equipment during the month June of the year 2008.Punj Lloyd Limited is on the way to achieving its vision of being among the top five global companies of the world in the segments and markets where the company serve during the upcoming years.