- Business
- Punj Lloyd Ltd. (PUNJLLOYD.NS) is an Indian engineering, procurement and construction company providing integrated services in energy, infrastructure and defence sectors; its core offerings encompass EPC solutions for oil and gas pipelines, tanks, terminals, refineries, power plants, renewables, petrochemicals, highways, railways, bridges, airports, rail transit systems, expressways, marine and offshore projects, as well as defence manufacturing in land systems, aerospace, small arms and homeland security equipment. Founded in 1982 and headquartered in Gurgaon, Haryana, the company operates across the Middle East, Caspian region, Asia Pacific, Africa, South Asia, China and Europe, delivering projects for clients including ONGC, IOC, GAIL, NHAI, AAI, Reliance, Shell, Petronas, ADNOC and Qatar Petroleum. Punj Lloyd Ltd. underwent corporate insolvency resolution proceedings culminating in a liquidation order by the National Company Law Tribunal on May 27, 2022, with the process directed initially as a going concern sale to maximize creditor value amid ongoing critical projects in roads, nuclear power, thermal power, gas pipelines and heavy civil engineering; multiple extensions have been granted, the latest on September 23, 2025, pushing the deadline to March 12, 2026, while a Stakeholders Consultation Committee meeting on October 13, 2025, discusses further sale strategies including piecemeal asset disposals following failed whole-company bids.