This Article is From Aug 16, 2016

BHEL Bags Order Worth Rs 169 Crore

BHEL Bags Order Worth Rs 169 Crore
New Delhi: State-owned power equipment maker BHEL on Tuesday said it has secured an order to set up solar photovoltaic (SPV) plants, estimated to cost Rs 169 crore.

The EPC (engineering, procurement and construction) order has been placed by West Bengal State Electricity Distribution Corporation Ltd (WBSEDCL), BHEL said in a statement.

Three SPV plants of 10 MW each are to be set up at Mejia (Bankura), Santaldih (Purulia) and Chharrah (Purulia) in West Bengal, it added.

Earlier this year, BHEL had bagged EPC orders from Neyveli Lignite Corporation and Bharat Electronics Ltd for setting up of a 65 MW SPV Power plant at Neyveli (Tamil Nadu) and a 15 MW SPV Power Plant at Ordinance Factory Premises, Medak (Telangana) which are being implemented.

In 2015 as well it bagged EPC orders from NTPC for 50 MW solar power plants each at Ananthpur (AP) and Mandsaur (MP).

While the Ananthpur project has been commissioned, the Mandsaur project is currently under execution.

The Maharatna firm manufactures solar cells and modules at its Electronics Division unit in Bengaluru, while space-grade solar panels using high efficiency cells and space-grade Battery panels are manufactured at its Electronic Systems Division, also in Bengaluru.

At 2:17 p.m., shares in BHEL were trading 1.27 per cent lower at Rs 136.55 apiece on the BSE, whose benchmark Sensex index was down 0.57 per cent.