Punj Lloyd Group Wins Contract Worth S$ 419 Million, Punj Lloyd Group Contract Worth S$ 419 Million From Resorts World Sentosa, Punj Lloyd Group Clinched Contract Resorts World Sentosa

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SME Times News Bureau
Punj Lloyd Group subsidiary, Sembawang Engineers and Constructors (Sembawang), one of the leading engineering and construction companies in Southeast Asia and MENA (Middle East & North Africa) region has clinched a major contract worth Rs. 1394 crore (S$ 419 million) from Singapore’s landmark integrated resort Resorts World Sentosa , a subsidiary of Genting Group.

The project entails the construction of the Equarius Hotel, a world-class spa, beach villas, an oceanarium, and a water theme park. .

Speaking on the order win, Atul Punj, Chairman, Punj Lloyd Group, said, "We are delighted to have received a consecutive order from Resorts World Sentosa. This contract win reinforces our expertise combined with our commitment to complete projects on time. We will continue expansion in high growth areas and will leverage our dynamism and speed to deliver landmark projects."

Richard Grosvenor, President and CEO of Sembawang said, "We are honoured that Sembawang has been awarded this major contract for Resort World Sentosa’s last phase as it is a clear recognition of our strength in delivering quality work. We are also delighted to be working again with the iconic Resorts World Sentosa. This is our second contract with them after the successful completion of a S$250-million sub-structural works project at the resort in 2008."

Resorts World Sentosa is Singapore's first integrated resort, comprising the region’s first Universal Studios theme park, four hotels, convention centre and Singapore’s first casino, which opened its doors in the first quarter of 2010.The West Zone of the Resorts World Sentosa is the second and last phase of the entire integrated development. The total site area of the West Zone is 109,000 square metres (the equivalent of about 18 football fields).

With this contract, the order backlog for the Punj Lloyd Group on consolidated basis has gone up to Rs 29,256 crore. This is the total value of unexecuted orders as on March 31, 2010 and new orders received after that day.