Punj Lloyd wins Rs. 3,515 Crore Tank Farm Project in Malaysia
Punj Lloyd’s scope of work in the RAPID Tank Farm project includes Project Management, Design, Engineering, Interface with other Contractors and third parties, Procurement, Construction, Inspection and Testing, Pre-Commissioning and Commissioning.
The RAPID Tank Farm will be a critical project requiring expertise in the construction of different types of tanks including storage tanks, LPG tanks, mounded bullets, Light Cracked Naphtha storage, transfer pumps and additive packages.
With this win, Punj Lloyd Group’s order backlog reaches Rs. 24,679 crores.
The order backlog is the value of unexecuted orders on June 30, 2014 plus new orders received after that date.
Total order booking in FY15 reached Rs. 9,940 crore, according to company sources.
“Punj Lloyd is privileged to be part of PIC’s critical milestone requirements. Our expertise in tankage is recognised globally with our greatest advantage being our in-house engineering skill and extensive project experience of large scale tank projects,” stated J.P. Chalasani, Managing Director and Group CEO, Punj Lloyd.
The Tank Farm is part of PETRONAS’ Refinery and Petrochemical Integrated Development (RAPID) project in Pengerang, Johor, Malaysia.
Developed within a 6,242-acre site, RAPID is part of the colossal PETRONAS Pengerang Integrated Complex (PIC) development.
PIC will involve an estimated investment of US$27 billion and is poised for its refinery start-up by early 2019.
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