Punj Lloyd, engaged into engineering, procurement and construction (EPC), announced on Tuesday that the company has been awarded a contract to design and construct infrastructure facilities of Zliten city (Lobya) for approximate cost of LYD 665.71 million, equivalent to USD 540 million or Rs 32.54 billion.

The project involves design and construction of the storm and sewer network, water network, telecommunication and distribution network, natural gas network, street lighting networkand road works including landscaping of parks and green areas.

"The project covers approximately 2,400 hectares, almost the entire area of Zliten. The project implementation tenure is four year," it said.

Shares of the company gained Rs 0.3, or 0.87%, to settle at Rs 34.70. The total volume of shares traded was 1,424,285 at the BSE (Tuesday).