Financial Daily from THE HINDU group of publications
Friday, May 31, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Corporate - Announcements


Punj Lloyd gets Dabhol maintenance contract

Our Bureau

NEW DELHI, May 30

THE construction major, Punj Lloyd Ltd, has bagged the `care and preservation' contract for the Rs 15,000-crore assets of Dabhol power plant. The six-month contract, valued at Rs 11.94 crore, has been awarded by the consortium of financial institutions led by Industrial Development Bank of India (IDBI).

Essentially, Punj Lloyd has been hired to provide services which are required for minimum preservation and maintenance of the assets at the Dabhol complex. This includes work for the protection of the power plant during the monsoons, upkeep of the infrastructure, maintenance of the select housing facilities, in-plant roads and back-up power services.

The Dabhol project, it may be recalled, has not been generating electricity for some time now as the case is sub-judice. At the same time, any piece of equipment, when not in use, becomes vulnerable to wear and tear which calls for constant maintenence.

The consortium led by IDBI had invested huge amounts for the development of the project, which are yet to be recovered. Keeping this in mind, the maintenance contract has been awarded, as otherwise, the equipment may get clogged and rusted and involve a huge cost to make them operational again.

Send this article to Friends by E-Mail

Stories in this Section
L&T John Deere to utilise Sanaswadi unit for exports


Qatar pulls out of Gulf Air ownership
Punj Lloyd gets Dabhol maintenance contract
ICAI standard on assets impairment
Dr Reddy's files patent application in US
Software exporters allowed to pick up stake in start-ups
Maruti will remain Indian: Suzuki
Suzuki in driver's seat at Maruti
Kinetic hopes to charm the Indian male with new Nova
Star appoints News Director
Beating the Recession -- I: Testing times, trusted production values


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line