Engineering company Punj Lloyd gained more than 2 percent yesterday as its subsidiary Sembawang Engineers and Constructors received its first project in Hong Kong to build MTR Corporation's Shatin to Central Link Diamond Hill Station.
Richard Grosvenor, president and CEO of Sembawang Engineers & Constructors, the associate company in joint venture with Punj Lloyd explains that the USD 100-million project is of a plain-vanilla type and the company will start to book revenues from Q1 of calendar year 2013.