Bhel Bags Rs 7,800-Crore Contract for Power Project

New Delhi: State-run Bharat Heavy Electricals Ltd on Wednesday bagged a contract worth Rs 7,800 crore for setting up a 1,320 MW thermal power project in Tamil Nadu.

The contract is an EPC (engineering, procurement and construction) contract from Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), Bhel said in a statement.

The order is for setting up a 2x660 MW coal-fired thermal power project at Ennore Special Economic Zone in Tamil Nadu.

The power plant will be constructed on a reclaimed ash pond, calling for specialised civil design, utilising an otherwise barren land.

Bhel's scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning for the EPC Package.

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

Shares in Bhel, on Wednesday, ended at Rs 201.95 apiece on the BSE, up 2.10 per cent from the previous close.