In your interest.
Online Personal Finance Magazine
No beating about the bush.
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.