Rev from Turkey pipeline project to reflect in FY17: Punj Lloyd

Punj Lloyd, in joint venture (JV) with Limak, has won Rs 2,780 crore pipeline contract in Turkey, of which Punj Lloyd's share is Rs 1,390 crore. This will start reflecting in the company's balancesheet this year, says Atul Jain, President and CEO, Pipelines and Tankage, Punj Lloyd. Speaking to CNBC-TV18, Jain says the pipeline stretches to 1850 km, of which 450 km has been awarded to the company.Punj Lloyd's orderbook stands at Rs 23, 000 crore, 40 percent of which comes from pipelines and tankages, he adds.Watch video for more