Engineering and Construction Company, Punj Lloyd Ltd has informed that it has acquired strategic 74% stake in Technodyne International Ltd, Eastleigh, UK for an undisclosed amount.    

Technodyne is a specialist engineering, design and consultancy company specializing in large scale cryogenic and high pressure tanks. With projects across the world, Technodyne carries out the basic design and detailed engineering for complete steel and steel plus concrete tanks including associated piping, instrumentation and electrical systems. The company also has track record in designing of test rigs.

Punj Lloyd has recorded a net profit of Rs 129.71 crore for the fourth quarter ended March 31, 2008 as compared with Rs 23.18 crore in the same quarter in 2007.