2:35 am - Sunday September 23, 2018

Bhel bags Rs 7,800 crore contract for power project

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BHEL Q2 net profit dips 64 percent
BHEL Q2 net profit dips 64 percent

NEW DELHI: State-run Bharat Heavy Electricals Ltd on Wednesday bagged a Rs 7,800 crore contract for setting up a 1,320 MW thermal power project in Tamil Nadu.

Valued at around Rs 7,800 crore, it is an EPC contract (Engineering, Procurement and Construction) from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), Bhel said in a statement.

The order is for setting up a 2×660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu. The power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land.

Bhel’s scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC Package.

The equipment for the contract will be manufactured at Bhel’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Bangalore and Jhansi plants, while the company’s Power Sector – Southern Region will be responsible for civil works and erection or commissioning of the equipment.

Bhel scrip closed at Rs 201.95, up 2.10 per cent, on the BSE.

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