Punj Lloyd To Rope In PE In Engineering Arm - Punj Lloyd Ltd, a diversified conglomerate with strong presence in infrastructure space, is planning to divest part of its holding in Punj Lloyd Engineering Ltd. The company is looking for an equity partner for the engineering subsidiary, which was set up two years ago to undertake captive engineering work of the parent firm. The arm currently has 800 engineers in its fold and targets 5,000 engineers in the next three to four years.