The Company was incorporated on September 26, 1988 under the 
 Companies Act, 1956 as Punj Lloyd Engineering Private Limited. In 
 1989, the Company took over all the activities of the engineering, 
 turnkey and general construction division of the entity that was 
 formerly known as Punj Sons Private Limited. On July 11, 1989, the 
 name of the Company was changed to Punj Lloyd Private Limited. With 
 effect from July 1, 1992, the word ‘Private’ was deleted from the
 name 
 of the Company under section 43A (1A) of the Companies Act. 
 Subsequently, the Company became a public limited company on July
 21,
 1992.
 
 The registered office of the Company was shifted from M 13, Connaught
 
 Place, New Delhi 110 001 to Punj House, 10/1 Nehru Enclave (East),
 New 
 Delhi 110 019 on January 2, 1989; and thereafter the registered
 office was 
 again shifted to Punj Lloyd House, 17-18 Nehru Place, New Delhi 110
 019 
 on November 1, 1989.
 
 Subsequently, pursuant to an order of arrangement and demerger
 between 
 Spectra Net Limited, Punj Lloyd Limited and Atna Investments Limited,
 which 
 was approved by the High Court of Delhi by its order dated August 16,
 2004, 
 the Company issued  and allotted 1,817 Equity Shares for
 consideration other 
 than cash to the shareholders of Spectra Net Limited on September
 29,
 2004.
 
 For further details of our financial performance, please refer to the
 sections 
 'Financial Statements, Business, Management’s Discussions and
 Analysis 
 of Financial Condition and Results of Operations as per Consolidated
 Financial
 Statements and Management’s Discussions and Analysis of Financial
 Condition 
 and Results of Operations as per Unconsolidated Financial Statements
 beginning 
 on pages 147, 62, 418 and 437 of this Red Herring Prospectus.
 
 1988 
 -The birth of Punj Lloyd Engineering Private Limited
 1989 
 -Renamed Punj Lloyd Private Limited
 1992 
 -Becomes Public Limited and wins its first oveseas pipeline contract
 in Indonesia
 1993 
 -Gets it first Middle East Contract for Field Development
 1999 
 -1st Road project, Vadodara-Halol Tollway, India
 
 2002 
 -Gains entry into the Caspian with KAM pipeline, Kazakshtan
 2004 
 -EPC Tank Contract in Asia Pacific, Bulk Liquid Terminal, Singapore 
 2005 
 -1st Thermal Power Plant, Jindal, India
 -Punj Lloyd has fixed its IPO price at Rs 700. The company has come
 out with public issue of 91.7 lakh shares, which include fresh issue
 of 83.5 lakh shares and the rest was offer for sale, with a price
 band of Rs 600-700 for Rs 10 share.
 
 2006 
 -Became a listed company 
 -Acquires Singapore-based Sembawang and Simon Carves, UK
 -Launches new brand identity
 -Adds petrochemicals, engineering, buildings and urban infrastructure
 projects like airports, jetties, Mass Rapid Transit, Light Rail
 Transit System, hotels, resorts, to its portfolio
 -Punj Lloyd joins hands with Kingdom of Saudi Arabia
 
 -Punj Lloyd Limited has informed  as follows: 1) Mr Sanjay Bhatnagar
 has been appointed as an Additional Director in the capacity of
 Independent Director and 2) Mr Keith Henry has resigned as Director
 of the Company.
 
 -Punj Lloyd Ltd has informed that Punj Lloyd Group, a global
 infrastructure services provider, has signed a large contract for
 construction of a LDPE plant at Thailand.
 
 --Punj Lloyd Ltd on Oct 19 said it has acquired the balance 12 per
 cent stake in Sembawang Engineers & Constructors through its wholly
 owned subsidiary, Punj Lloyd Pte Ltd, for about Rs 14 crore. 
 
 -Punj Lloyd joins hands with Swissport
 
 2007 
 -Punj Lloyd Upstream Ltd incorporated in April 2007 to address the
 opportunities in the Integrated Drilling Services market 
 -Joint venture with Pipavav Shipyard 
 -Punj Lloyd Ltd has appointed Mr. Scott R Bayman and Mr. P K Gupta as
 Additional Directors on the Board of the Company.
 
 - Punj Lloyd Limited has appointed Mr. Paul Birch as Group Head Human
 Resources for Punj Lloyd Group.
 
 - Punj Lloyd signs agreement with UAE firm.
 
 - The Company has splits its face value from Rs10/- to Rs2/-.
 
 -Punj Lloyd to acquire 25.1 % stake in Pipavav Shipyard Ltd
 
 2008 
 -Acquires 74% in Technodyne International UK. This design capability
 will make Punj Lloyd an end-to-end service provider in tanks and
 terminals 
 -Join hands with Singapore Technologies Kinetics for manufacture of
 defence equipment
 -Partners with Thorium Power for Nuclear energy
 -Punj Lloyd Ltd, has bagged engineering, procurement, installation
 and commissioning contract worth 0 million (Rs 3,636 crore) by
 Qatar Petroleum.
 
 2009
 
 - Punj Lloyd Ltd has appointed Mr. Atul Pasricha, a member of the
 Institute of Chartered Accountants of India and MBA from Darden
 School, University of Virginia as Group-Chief Financial Officer.
 
 -Punj Lloyd Group launches into Solar Utility Projects
 
 -Punj Lloyd wins two contracts. 
 
 2010
 
 - Punj Lloyd has bagged an order worth Rs 960 million from the
 Hyundai Engineering & Construction Company.
 
 - Punj Lloyd Ltd has informed that Sembawang Engineers and
 Constructors Pte Ltd, a subsidiary of the Company has been awarded a
 contract worth approximately Rs. 1394 crore (Rupees one thousand
 three hundred and ninty four crores) from Sentosa Pte Ltd Singapore
 for construction of Hotel, Spa, Beach Villas, an Oceanarium and Water
 Theme Park in Singapore.
 
 - Abu Dhabi Gas Development Company Ltd., a subsidiary of Abu Dhabi
 National Oil Company (ADNOC) has entered into four Engineering,
 Procurement, Construction and Commissioning (EPC) Contracts totaling
 to US$ 3,607 million in order to develop the Shah sour gas reservoir.
 These contracts have been awarded to international companies which
 include India’s Punj Lloyd.