Business Daily from THE HINDU group of publications
Friday, Dec 15, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Restructuring
Punj Lloyd sets up engineering services outsourcing company

Our Bureau

New Delhi , Dec. 14

Engineering and construction services firm Punj Lloyd Ltd has set up a new company for carrying out back-office engineering activities for the group in India. The new engineering services outsourcing company — Simon Carves India Ltd, would be set up as a wholly owned subsidiary of Punj Lloyd and would cater to the group's engineering requirements, the company said in a statement.

Punj Lloyd has appointed Mr Sanjay Goel as the CEO of Simon Carves India. Simon Carves, would cater to the group's engineering requirements in the initial phase and specialised verticals would be gradually built up with domain specialists to provide off-shore engineering services across other sectors as well outside the group, it added.

Simon Carves India would integrate the engineering expertise of Punj Lloyd with its two recent acquisitions — Sembawang Engineers and Constructors and Simon Carves, UK. Engineering Services Outsourcing (ESO) holds tremendous potential as reports indicate that it can garner around 25 per cent of the global ESO pie, worth around $50 billion by the year 2020.

More Stories on : Restructuring | Engineering | Real Estate & Construction

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Elder Pharma to market Roche drug


L&T bags $86-m China orders
Coal India may opt for re-categorising of consumers
Infosys unveils new HR practices
Punj Lloyd sets up engineering services outsourcing company
Willis BA India sets up M&A unit
Petronet stake for Qatar: `Due diligence completed'
Tata Motors, Fiat to invest Rs 4,000 cr in new facility
Rama Pulp plans expansion
Gupta Syn to set up new unit
JB Chem pact with S. African co
Ranbaxy gets US nod to make, market Cefprozil
ONGC confident of Shell role in Kalol project
Century Building plans to set up SEZ
Panna-Mukta-Tapti joint venture plans contract with Gujarat Gas
Parsvnath to construct 14 hotels


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

Copyright 2006, 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