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Saturday, September 16, 2006

Punj Lloyd - Foraying Into Aviation Sector


Punj Lloyd Inks 49:51 JV With Swissport

Punj Lloyd has entered into a 49:51 joint venture agreement with Swissport International, a world leader in the ground handling industry. According to a release issued by Punj to the BSE today, the JV will leverage Swissport's brand and know-how to develop projects in the Indian ground handling sector.

Atul Punj, chairman of Punj Lloyd, said: "The joint venture will enable Punj Lloyd to enter into a new business field in the aviation sector in India, which has robust growth opportunities. We are enthusiastically looking forward to developing our partnership with Swissport into a very successful business."



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