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BHEL wins order worth Rs6.4bn

Posted on: July 14th, 2009 and is filed under Brokerage Recommendations.

The company has secured an order for the main plant package for an upcoming Thermal Power Project in Jharkhand.

BHEL has secured an order for the main plant package for an upcoming Thermal Power Project (TPP) in Jharkhand, involving one new-rating unit of 270 MW.

Valued at nearly Rs6.4bn, the order for the greenfield power project, located in Jamshedpur district, has been placed on BHEL by Adhunik Power and Natural Resources Limited (APNRL) reflecting the customer’s confidence in the company’s technological excellence and project execution capabilities.

Coming close on the heels of an order for a 600 MW thermal power plant of Korba West Power Company Limited in Chhattisgarh, this order is testimony to the confidence reposed by Independent Power Producers (IPPs) in BHEL’s capabilities. It also reinforces BHEL’s leadership status in the execution of thermal power projects involving supply of state-of-the-art equipment, suited to Indian coal and Indian conditions.

Significantly, private sector customers have been reposing confidence in BHEL and in fiscal 2008-09 itself, orders worth over Rs.130,000 Million were placed on the company by Jindal Power, Jaiprakash Power Ventures, GVK Power, Hindalco, HPCL Mittal Energy Ltd., Adani Power, Tatas and ACC, among others. Even in the current fiscal, around 80% of the orders booked so far in the power sector are from private sector customers.

BHEL’s scope of work in the present contract envisages design, engineering, manufacture, supply, erection and commissioning of Steam Turbine, Generator and Boiler, along with associated Auxiliaries and Electricals, besides state-of-the-art Controls & Instrumentation (C&I) and Electrostatic Precipitators (ESPs).

source: Indiainfoline

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