Engineering major Punj Lloyd Ltd has emerged the lowest bidder for the construction of Sikkim’s first civil airport, a senior company official said. The company expects the order by this week, he said, without detailing the size of the contract.
Punj Lloyd's Singapore unit in Saudi infrastructure JV
Punj Lloyd specialises in engineering, procurement and construction of petrochemical and infrastructure projects. The cabinet last month approved the construction of a greenfield airport at Pakyong, about 30 km from the capital Gangtok. The government said it would grant Rs 309 crore for the construction of the new airport.
Terror strikes Mumbai
It hopes direct air connectivity will enhance tourism and other economic activities in the landlocked state. Punj Lloyd gets about 70% of its revenues from overseas, mainly West Asia and Africa. It is now planning a footprint in the Americas. “We will have a presence in Mexico very soon. I cannot say much beyond this,” the official said.
More India business stories
Punj Lloyd is aiming at an annual turnover of $5 billion by 2013-14, he said.
Under license from www.3dsyndication.com