Punj Lloyd, engaged into engineering, procurement and construction (EPC), today announced winning the mega Rs 35.15 billion (USD 581 million) RAPID Tank Farm order from PRPC refinery and cracker Sdn, Bhd, a subsidiary under the Petroliam Nasional Berhad (PETRONAS) group, Malaysia'a national energy company.

The Tank Farm is part of PETRONAS's 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 along with RAPID's associated facilities including the Pengerang co-generation plant (PCP), re-gasification terminal 2 (RGT2), air separation Unit (ASU), raw water supply project (PAMER), crude and product tanks (SPV2) and central and shared utilities and facilities (UF).

''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.

Shares of the company gained Rs 3.65, or 9.88%, to trade at Rs 40.60. The total volume of shares traded was 772,642 at the BSE (9.47 a.m., Monday).