Punj Lloyd, the engineering, procurement and construction conglomerate, is all set to make it big in the offshore business, where it can undertake projects such as pipe laying, replacement of pipes, platform building and modifications.
With Kuber, its new pipelay barge, which is capable of laying pipelines in the water depth of 150 meters, the company plans to augment its offshore business and aims to earn $400-500 million per year in revenues.
The company has contracts worth $300 million in the offshore business to be executed by May this year. Punj Lloyd entered this business three years ago. The company is already working on an ONGC project of replacing its pipelines (12-16 inches) at Hira fields. The contract is worth $200,000 per day and the duration of the project is 40 days.
The company is also bidding for two ONGC tenders, one for laying new pipelines and the other for replacing the existing ones. The order is likely to be bagged soon. It is also looking at bidding for international tenders in countries such as
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3501.15 |
| Rail Vikas Nigam | 371.90 |
| NCC | 242.65 |
| KEC International | 952.65 |
| Kalpataru Projects | 1176.80 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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