Thursday, Jul 09, 2009
MUMBAI (Dow Jones)--India's Punj Lloyd Ltd. (532693.BY) said Thursday its joint venture in Saudi Arabia has received an order worth INR12.10 billion ($246.8 million) from Saudi Aramco Total Refinery & Petrochemical Co.
Dayim Punj Lloyd got the order for constructing a port tank farm of Jubail export refinery project, Punj Lloyd said in a statement to the Bombay Stock Exchange.
Punj Lloyd's consolidated order backlog now stands at INR245.32 billion, it said.
The Indian engineering company holds a 49% stake in Dayim Punj Lloyd, which is a joint venture with Prince Khalid Bin Bandar Bin Sultan of the Kingdom of Saudi Arabia.
Saudi Aramco Total is a joint venture between Saudi Arabian Oil Co. and France's Total SA (FP.FR)
-By Ameya Karve, Dow Jones Newswires; +91-22-6145-6121; ameyaanil.karve@dowjones.com
(END) Dow Jones Newswires
09-07-09 1141GMT
