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Alstom India today said it has bagged a 100 million euro contract to supply equipment for GVK Power & Infrastructure's 850 MW Ratle hydropower plant in Jammu & Kashmir.
"Alstom has been awarded a contract worth over 100 million euro (Rs 840 crore) by GVK Power & Infrastructure Ltd to equip the 850 MW Ratle hydropower plant, which will be commissioned in 2017," the company said in a statement.
The contract includes the supply of 4 turbines of 205 MW each, and one turbine of 30 MW.
All equipment will be manufactured at Alstom's Vadodara facility in Gujarat, the company said.
"This contract is a testimony to the quality of the long standing relationship built over the last 15 years by Alstom and GVK. We are happy to be supporting the country's plan to further incorporate renewable energy into its energy mix," Patrick Ledermann, Managing Director & Vice Chairman, Alstom India, a unit of the French power sector firm Alstom.
Ratle is currently the largest power project being set up in the state of Jammu & Kashmir.
Shares of Alstom India were trading at Rs 340.85 apiece, up 1.64% on the BSE.
