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Punj Lloyd - Bags Rs 86 cr Order From Global Health

Engineering construction company Punj Lloyd Ltd has bagged an order worth Rs 86 crore for a construction project from Global Health Pvt Ltd. The secured project is for the high end, multi-specialty Institute of Integrated Medical Sciences and Holistic Therapies, that Global Health would be setting up in New Delhi.

Punj Lloyd informed the stock exchanges that the project, which is expected to be completed within 14 months and is being designed to international standards, is an addition to the Rs 1837.4 crore orders the company has bagged since September 30, 2005. The company already has an order backlog of over Rs 4836.7 crore and these projects are in the oil and gas, infrastructure sectors including highways and power. It is also working on several projects in the Middle East, the Caspian, the Asia Pacific and South Asia.

Praj Ind - Inks MoU With Aker Kvaerner

Praj Industries Ltd has entered into a Memorandum of Understanding (MoU) with leading engineering and construction services provider, Aker Kvaerner Netherlands BV, for a strategic co-operation on bio-ethanol projects in Europe. Under the MoU, Praj will supply the process licence, process engineering, and critical and proprietary equipment for the process plant, while Aker Kvaerner will provide basic engineering, procurement and construction expertise. "This alliance will further position Praj very favourably in Europe, as Aker Kvaerner is well respected for its engineering, procurement and construction capability worldwide," the company's chairman Pramod Chaudhari said. In a bid to augment its marketing efforts, Praj informed the stock exchanges that it had plans to set up an operating base in EU shortly. Praj is based in Pune and specialises in technology, design, engineering, manufacture and supply of equipment for distillery plants, ethanol plants and related effluent treatment plants.

Madhucon - Bags Rs 629 cr Project From NHAI

Madhucon Projects Ltd today said it has bagged a build-operate-transfer project worth Rs 629 crore by National Highway Authority of India for four laning of NH-45 B in Tamil Nadu. The project entails four laning of 129 km of Madurai-Tuticorin section of NH-45B in Tamil Nadu, the company informed the Bombay Stock Exchange. The highway connects port city of Tuticorin with Madurai by shortest route and the BOT project would help in saving vehicle operation cost and fuel consumption, it said.