From its evolution from a pipeline company to an international diversified EPC Group today, Punj Lloyd’s history is dotted with interesting and heartening anecdotes of its rich experiences gained in different geographies, of people who stood tall to bring it so far, of complexities of its various diverse projects and the challenges of time.
For the large, global player that it is today, Punj Lloyd had a modest start. Atul Punj, Chairman - Punj Lloyd was the third generation in the Punj family business. He started the pipeline division of Punj Sons Private Limited in 1982 which was later incorporated as Punj Lloyd Engineering Private Limited in 1988. The company was rechristened Punj Lloyd Private Limited in the following year and subsequently became Limited in 1992.
From what started with pipelines, grew to constructing tanks & terminals, refineries, power plants and civil infrastructure. Punj Lloyd was also quick to spot opportunities in overseas markets and secured its first overseas contract – Balongan Jakarta Product Pipeline, in Indonesia in 1992. At the time of the Indonesian crisis, Punj Lloyd stood steadfast when other international companies retracted. Punj Lloyd soon widened its international operations to Abu Dhabi, Kuwait, Qatar, Malaysia, Kazakhstan among others. This formed the basis for the establishment of the Group’s regional offices in the Caspian, Middle East and North Africa (MENA), South East Asia and South Asia.
Punj Lloyd became listed in 2006 and in the same year, Punj Lloyd made another significant move. It acquired Sembawang Engineers & Constructors in Singapore, one of the largest engineering and construction groups in Southeast Asia and Simon Carves, leaders in polymers and petrochemicals. The energy-packed 2006 also saw the Group enter into strategic joint venture agreements Dayim in Saudi Arabia for oil & gas and infrastructure and KAEFER of Germany for insulation.
Growing from strength to strength, the Group embarked on a branding initiative in 2006 to focus on creating a powerful EPC brand that unites global operations and diverse service offerings. The new logo is based on the idea of synergy - different entities working together to create a whole that is larger than the sum of its parts.
Making inroads into Defence in 2008, Punj Lloyd grew towards establishing itself as a credible player for defence equipment.
2009 was a significant year for Punj Lloyd as the Group announced a new operating structure aimed at driving profitable growth and decentralizing the Group’s operations in various geographies to empower the regional heads. It is in the same year that Punj Lloyd launched into the Solar Utility space.
2010 has seen a promising start with Punj Lloyd growing its footprint in the South East Asia to include new offices in Hong Kong and Thailand.
2011 - Group Engineering arm, PL Engineering joined hands with GECI India, a subsidiary of GECI International, a French major, to offer engineering services in the Aerospace sector.
Opens office in Bahrain and Kenya. Awarded the contract under the prestigious Jawaharlal Nehru National Solar Misson to develop a 5 MW solar PV plant in Jodhpur, Rajasthan.
2012 - The Group was awarded the first project in Hong Kong.
Punj Lloyd received the 'Best Project' for East West Gas Pipeline at the D&B Bank Infra Awards 2012 in the Oil & Gas category.
2013 - Punj Lloyd wins its first offshore project in Middle East. Enters Rwanda. Opens office in Mexico.
2014 - Opens office in Kuwait. Presence extended to 23 countries.