BackCorporate | Bhel wins Rs703 crore thermal plant order
Corporate | Bhel wins Rs703 crore thermal plant order
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New Delhi:Bharat Heavy Electricals Ltd (Bhel) on Monday said it has won a Rs703 crore order for a thermal power plant.
The main plant equipment will be supplied to a 270MW coal fired plant in Maharashtra, the New Delhi- based firm said in an email.
The contract will include design and engineering services, Bhel said. State-run Bhel plans to almost double its production capacity to 20,000MW by March 2012.
Bhel’s shares rose 0.90% to end at Rs1,999.85 on the Bombay Stock Exchange on Monday, on a day the Sensex climbed 0.2%.
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NTPC wants to run Kazakhstan power plant
New Delhi: India’s biggest electricity producer NTPC Ltd wants to operate a 4,000MW coal fired power plant in Kazakhstan to gain entry into a country that may allow the state-run company to bolster coal supplies.
We are trying to take up the renovation and maintenance of GRES-I, a power plant run by Kazakhmys Plc. in Kazakhstan, chairman R.S. Sharma said in New Delhi. After we carry out the due diligence, it depends on the company, whether they want to invite bids or give it to us on a nomination basis.
“State-run NTPC plans to bid for coal blocks in Kazakhstan, where it sees good potential," Sharma said.
“To overcome obstacles to transporting coal from land-locked Kazakhstan, NTPC may enter into a swap arrangement, shipping coal from a third country closer to India," he added. “We want to capture fuel, both coal and equity gas, from wherever we can."
The NTPC stock, up 31% in the past six months, fell 1.66% to Rs212.75 each on the Bombay Stock Exchange on Monday.
— Bloomberg
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NTPC-Bhel JV to set up Rs6,000 cr plant in AP
Hyderabad: NTPC-Bhel Power Projects Ltd (NBPPL) has decided to set up its Rs6,000 crore Greenfield power equipment project near the temple town of Tirupati in Andhra Pradesh.
“The project, to manufacture power plant equipment such as boilers and turbines with an annual capacity of 5,000MW, would take off in 48 months from the date of beginning the work, some time by 2014-15," said C.P. Singh, NBPPL’s chairman and managing director.
NBPPL is an equal joint venture between Bharat Heavy Electricals Ltd and state-owned power producer NTPC Ltd.
Chief minister Y.S. Rajasekhara Reddy on Sunday handed over land allocation papers for 1,000 acres to NBPPL’s Singh. The project will come up at Mannavaram, some 30km from Tirupati and close to the Krishnapatnam deep-water seaport.
NBPPL was keen on a site near a seaport keeping in view its plans to focus on export power equipment in the coming years, said Busi Sam Bob, principal secretary, industries and commerce, Andhra Pradesh.
— C.R. Sukumar
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