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Home / NEWS / Indian firm wins US $1.2bn Libya contract

Indian firm wins US $1.2bn Libya contract

by CW Staff on Jul 12, 2009


Punj expects to complete all of the projects in the deal by 2012.
Punj expects to complete all of the projects in the deal by 2012.

Indian engineer Punj Lloyd Ltd has announced that one of its units, Sembawang Engineers & Constructors, has won three projects worth US $1.2 billion (59 billion rupees) for the construction of commercial and residential properties in Libya.

According to an e-mailed statement today, as cited by Bloomberg, the Punj unit was awarded the contracts from International Investment and Services Co.

The contract involves the construction of a luxury resort near Tripoli airport which is expected to be completed by 2012. Other orders include building a residential apartment project and a hotel that is due to be finalised by 2011.

Gurgaon-based Punj has total orders worth $6.2 billion as of March 31.



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