BHEL bags USD 190 mn order
BHEL bags USD 190 mn order >Under international competitive bidding (ICB), engineering major Bharat Heavy Electricals bagged USD 190 million, or Rs 7.65 billion order, from SAIL for the expansion project of its IISCO Steel Plant at Burnpur in West Bengal. The project is expected to be complete in the next 26 months. The company`s scope of work in the project envisages design, engineering, manufacture, supply, erection and commissioning of the captive power plant, in addition to complete civil works. This is one of the largest-value single orders secured by BHEL`s industry sector business segment. So far, the company has supplied and commissioned more than 700 steam turbine and gas turbine-based plants for a host of industries like metal, paper, sugar, cement and process industries like refineries, petrochemicals, fertiliser etc, in domestic and overseas markets. Earlier this month, company received an order of Rs 19.90 billion for supplying steam generators and turbine packages for the upcoming 1,000-MW thermal power project at Vallur, Tamil Nadu. The PSU firm won the contract by outbidding European equipment suppliers.
Shares of the company declined Rs 13.05, or 0.65%, to settle at Rs 1,988.9. The total volume of shares traded was 153,924 at the BSE.(Wednesday)
