BHEL bags Rs 3,348 cr turnkey contract from IOC

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SME Times News Bureau | 16 Mar, 2010
State-run power equipment manufacturer Bharat Heavy Electricals Ltd. (BHEL) on Monday said it won a Rs 3,348 crore contract to set up 376 MW captive power plant at the upcoming Paradip Refinery Project of Indian Oil Corp in Orissa.

BHEL won the turnkey contract for setting up an energy efficient and environment-friendly captive power plant (376 MW) at the upcoming Paradip Refinery Project of Indian Oil Corporation Limited (IOCL) in Orissa.

Significantly, valued at Rs.33,480 Million, this is the largest-value single order secured by BHEL for a captive power plant. The customer has opted to source the captive power plant from BHEL in view of its techno-economic superiority - a testimony to the customer’s confidence in BHEL’s capability.

The 376 MW gas turbine-based combined cycle power plant will meet the power and process steam requirement of the upcoming grassroot refinery and is slated for commissioning in a tight schedule by November, 2012.

The equiment for the project will be supplied by BHEL's plants at Hyderabad, Trichy, Ranipet, Bhopal, Jhansi and Electronics Division, Bangalore. Civil works and erection and commissioning of the captive power plant will be carried out by the company's Power Sector – Southern Region.