BHEL secures contract worth Rs 56 Billion

Tags:Bharat Heavy Electricals (BHEL), BHEL secures contract worth Rs 56 Billion, Jaiprakash Associates (JAL), Jaiprakash Group, Prayagraj Power Generation Company (PPGCL), Thermal Power Project (TPP)

Bharat Heavy Electricals (BHEL) has secured a major order for setting up the upcoming 1,980 MW Prayagraj Thermal Power Project (TPP) with Supercritical parameters in Uttar Pradesh, involving three units of 660 MW each.
Valued at Rs 56 billion, the order for the greenfield power project, located at Bara in Allahabad district of Uttar Pradesh, has been placed on BHEL by Prayagraj Power Generation Company (PPGCL), a company owned by Jaiprakash Associates (JAL), and reflects the customer’s confidence in the company`s technological excellence and capability in executing projects of this magnitude.

JAL, a company under the Jaiprakash Group, bagged this project from the UP Govt. under tariff-based bidding and PPGCL, the company formed by the UP Govt. for the purpose was subsequently acquired by JAL.

-The Economic Times.