Global EPC conglomerate, Punj Lloyd has bagged an EPC contract worth Rs 3.12 billion on LSTK basis in Yanbu, Saudi Arabia. The 'Clean Fuels Interfacing Facilities Project' was awarded to the company's subsidiary, Dayim Punj Lloyd, by the Yanbu Aramco Sinopec Refining Company (YASREF).

The project objective is to interface YASREF with the Aramco Yanbu Refinery to supply low sulphur clean transportation fuel - diesel and gasoline - for domestic distribution. In addition, the pipeline system will also contain provision to transport YASREF refined products to the western regional pipeline hub.

To achieve this objective, Dayim Punj Lloyd's scope of work includes; Two new pipeline systems, 30" x 7 km each, for diesel and gasoline - to be installed to deliver YASREF refined products to Yanbu Refinery (YR) for domestic distribution; A dedicated custody metering system for each refined product; A new analyzer to be installed inside Yanbu Refinery; A new Red / Green dye injection for gasoline to be installed in the Yanbu Refinery premises within the new line from YASREF to Yanbu Refinery's gasoline tanks; Modification of three existing kerosene tanks inside Yanbu Refinery by installation of internal floating roofs in order to adequately receive YASREF gasoline; and Extension of existing SIH Control to house the DCS/ PLC panels and to be equipped with HVAC. Associated civil & structural, firefighting, E&I work and automation work are also to be carried out under this scope.

Punj Lloyd, director, Atul Jain said, "This is the third contract by YASREF to Dayim Punj Lloyd which is reflective of the strong partnership that has been formed between YASREF and Punj Lloyd, focusing on quality, safety and successful delivery of projects."

Shares of the company gained Rs 0.55, or 2.43%, to trade at Rs 23.15. The total volume of shares traded was 867,653 at the BSE (11.43 a.m., Monday).