Dayim Punj Lloyd, a Joint Venture (JV) between Punj Lloyd and Prince Khalid Bin Bandar Bin Sultan (KBS), Kingdom of Saudi Arabia, has announced that it has secured a contract worth Rs 12.10 billion for engineering, procurement and construction (EPC) of port tank farm of the Jubail Export Refinery project located in Saudi Arabia.

The sources said that the contract has been awarded by Saudi Aramco Total Refinery & Petrochemical company (SATORP), a joint venture between Saudi Arabian Oil Company (Saudi Aramco) and Total of France.

The scope of work for the project entails complete engineering, procurement and construction of the port tank farm comprising facilities such as tank farm and vapor recovery system, transfer pipelines, air and sewer system, emergency diesel generator, port operation buildings and loading facilities.

The sources said that the project is expected to give a further thrust to the economy of Saudi Arabia that has the major oil and gas fields of the world.

Shares of the company gained Rs 2.45, or 1.33%, to settle at Rs 186.25. The total volume of shares traded was 1,922,149 at the BSE (Thursday).