Punj Lloyd bid lowest for Sikkim airport

Source : SIFY
By : Rajesh Kumar Singh
Last Updated: Thu, Nov 27, 2008 10:29 hrs
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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.

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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.

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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.

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Punj Lloyd is aiming at an annual turnover of $5 billion by 2013-14, he said.

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