Monday 30 March 2015

BHEL surges on bagging contract for 1,080 MW Manuguru Thermal Power Project

     The newly formed Telangana state utility, Telangana State Power Generation Corporation (TSGENCO) has awarded BHEL with an EPC (Engineering, Procurement & Construction) order for setting up a 4x270 MW thermal power plant in the state. Earlier in December 2014, TSGENCO had placed an order for BHEL to set up Telangana’s first Supercritical Thermal Power Plant of 800 MW rating, also on EPC basis, at Kothagudem.
     Valued at over Rs 5000 crore, the present order envisages setting up a 4x270 MW Thermal Power Plant on EPC basis at Manuguru in Khammam District of Telangana. Significantly, the project is targeted to be commissioned in 24 months on fast track basis with both TSGENCO and BHEL setting up teams to expedite clearances and execution of the project. TSGENCO has also entered into a MoU 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 the state's increasing demand for power. With the order for Manuguru project, 1880 MW has already been awarded to BHEL.
     BHEL’s scope of work in the project includes design, engineering, manufacture, supply, construction, erection, testing & 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 / commissioning of the equipment. Notably, with this order, BHEL’s reference list is enhanced to 35 sets of 270 MW ratings units.
      Bharat Heavy Electricals (BHEL) is currently trading at Rs. 237.65, up by 5.10 points or 2.19% from its previous closing of Rs. 232.55 on the BSE.

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