The company will bid for up to 25 national highway projects, valued at an estimated Rs40,000 crore, in the next one year
Infrastructure company Punj Lloyd Ltd said on Wednesday that it will bid for up to 25 national highway projects, valued at an estimated Rs40,000 crore, in the next one year, reports PTI.
"We will bid for 20-25 large national highway projects which will be a minimum Rs1,000 crore order (each). Overall, the order size could be about Rs40,000 crore," Punj Lloyd chairman Atul Punj said on the sidelines of a CII summit.
The company is currently executing seven highway projects across the country, he said. "As and when the tenders will keep flowing, we will bid for the project. The bidding for these 20-25 projects will probably happen in the next one year," Mr Punj added.
When asked about the company\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s exposure to West Asia in view of the Dubai crisis, Mr Punj said that about 30% of its unexecuted orders, mostly belonging to the oil & gas sector, were from that region and North Africa.
"We are unaffected by the Dubai crisis and West Asia does not mean only Dubai. We will keep working in the region," he said.
The company\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'s current unexecuted order book stands at $5.50 billion, of which 30% belongs to South Asia, West Asia and India each, and the balance 10% is from the rest of the world.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
