Punj Lloyd has bagged a contract worth Rs 314 crore from Gulf

Punj Lloyd has bagged a contract worth Rs 314 crore ($57.75 million) from Al-Khafji Joint Operations for an offshore project in Al-Khafji, Saudi Arabia.

The project is scheduled for commissioning in September 2014. Al-Khafji Joint Operations is a joint operation of two companies, Aramco Gulf Operations Company Ltd (AGOC) of Saudi Arabia and Kuwaiti Gulf Oil Company (KGOC), for oil and gas exploration development and production in the offshore area of the partitioned neutral zone between Saudi Arabia and Kuwait.