Punj Lloyd to buy 25% in Pipavav Shipyard

This is a strategic investment by the Company to support the growth of its business in the offshore sector.

Punj Lloyds Ltd., a global EPC services provider in energy and infrastructure domans, said on Thursday that it has signed a Memorandum of Understanding (MOU) to invest Rs4.03bn for acquiring a 25.1% stake in Pipavav Shipyard Ltd.