Bhel Bags 5,000 Cr Contract From Telangana

Monday, 30 March 2015, 10:53 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

BENGALURU: State-owned power equipment maker BHEL said it has bagged over 5,000 crore contract for executing a thermal power project in Telangana.

"Telangana State Power Generation Corporation has awarded BHEL with an EPC order for setting up a 1,080 MW thermal power plant in the state," BHEL said in a statement.

"Valued at over 5,000 crore, the order envisages setting up a thermal plant at Manuguru in Khammam District of Telangana," it said, adding that the project is targeted to be commissioned in 24 months.

BHEL's scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning of 4x270 MW thermal sets on EPC basis.

The key equipment for the contract will be manufactured at BHEL's Trichy, Hyderabad, Haridwar, Bhopal, Ranipet, Bangalore and Jhansi plants, while the company's Power Sector - Western Region will be responsible for civil works and erection and commissioning of the equipment.

TSGENCO has also entered into a preliminary agreement with BHEL for construction of new thermal power plants totaling 6,000 MW in the state.

All these power plants are expected to commence generation within the next three years to meet Telangana's increasing demand for power.

In December 2014, TSGENCO had placed an order for BHEL to set up Telangana's energy efficient and environment freindly supercritical thermal power plant on EPC basis, at Kothagudem.

BHEL stock price

On March 30, 2015, at 15:45 hrs Bharat Heavy Electricals was quoting at 238.60, up 6.05, or 2.60 percent. The 52-week high of the share was 299.50 and the 52-week low was 173.00.

The company's trailing 12-month EPS was at 9.71 per share as per the quarter ended December 2014. The stock's price-to-earnings ratio was 24.57. The latest book value of the company is 135.02 per share. At current value, the price-to-book value of the company is 1.77.
Also Read:
India Among Source Markets for Capital into Dubai
India Can Attract Significant FDI If It Sorts Out Tax Issues: Nomura

Source: PTI
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..