Monday, November 2, 2009

Puncak Niaga eyes Indian water job

Puncak Niaga Holdings Bhd told the exchange yesterday that it has formed a 60:40 joint-venture company with India’s Lanco Infratech Ltd to participate in a bid for a water supply and drainage tender in India.
The project was identified as Hogenakkal water supply and fluorosis mitigation Project – Package I called by the Tamil Nadu Water Supply and Drainage Board, India.
“The joint venture is synergistic to Puncak group’s business expansion plans in India,” the company said yesterday.

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