Under the contract, Alstom will cooperate with BHEL in designing boilers and supply identified pressure parts of the 660 MW supercritical boilers. It will also assist BHEL with technical advisors during the erection and commissioning of the units.
French power equipment maker Alstom on Friday said it has bagged a 30 million euro contract from state-owned firm BHEL for setting up a thermal power plant at Jharsaguda in Odisha.
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"Alstom has been awarded a contract by BHEL worth close to Euro 30 million (approximately Rs 2,500 crore) for executing the 2x660 MW Banharpalli thermal power project in Odisha," the company said in a statement.
Under the scope of the contract, Alstom will cooperate with BHEL in designing the boilers and supply identified pressure parts of the 660 MW supercritical boilers, the statement said. It will also assist BHEL with technical advisors during the erection and commissioning of the units.
Key components will be manufactured in Alstom's manufacturing facilities in Concordia (USA), as well as in Durgapur (West Bengal).
The first and second units are expected to be commissioned by 2018. "We are pleased to win this contract for which we will provide our leading supercritical power plant solutions," Patrick Ledermann, Vice President of Alstom Thermal Power & Renewable Power in India, said.
Last month, Alstom was awarded a contract worth 85 million euro by BHEL to supply two 800 MW supercritical boilers for Darlipalli super thermal power project located in Sundergarh, Odisha.
BHEL stock price
On April 17, 2014, Bharat Heavy Electricals closed at Rs 181.05, up Rs 5.45, or 3.10 percent. The 52-week high of the share was Rs 207.90 and the 52-week low was Rs 100.35.
The company's trailing 12-month (TTM) EPS was at Rs 19.83 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 9.13. The latest book value of the company is Rs 124.38 per share. At current value, the price-to-book value of the company is 1.46.
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