Punj Lloyd bags Rs1,023 crore project in Maharashtra news
04 March 2010

Infrastructure major Punj Lloyd said today that it has won a contract worth Rs1,023-crore for a project in Maharashtra.

The contract awarded by Dhariwal Infrastructure, an RPG Group firm includes civil and structural works for a 2x300 MW thermal power project at Tadali village, near Chandrapur in Maharashtra, the firm said.

In a filing to the Bombay Stock Exchange (BSE) the firm said it had been issued a letter of intent for the project.

The contract covers engineering, procurement and construction work required for the project and involves plant systems, civil and structural works for entire plant, erection, testing and commissioning services for boiler, turbine and generators, the company said.

In a separate development the company said its UK-based subsidiary Simon Carves (SC)had obtained takeover certificate of the engineering and construction of the world's largest wheat to bio-ethanol plant at Teesside (England) for SC's client, Ensus UK.

The client has decided on a 23.1 million (Rs 159.43 crore) liquidated damages levy due to delay in completion of the project.

The client has decided to levy liquidated damages to the extent of GBP 23.1 million (Rs 159.43 crore) owing to delay in achieving the completion of this project.

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Punj Lloyd bags Rs1,023 crore project in Maharashtra