Alstom bags 100 mn euro contract from Bhel

Power infrastructure provider Alstom today said it has bagged 100 million euro (about Rs 710 crore) order from state-owned Bhel to supply boilers for NTPC's 1,600 MW thermal power project in Madhya Pradesh.

Under the contract, Alstom Thermal Power will cooperate with Bhel in designing the boilers and supply pressure parts of the 800 MW supercritical boilers, the company said in a release.

The 2x800 MW Gadarwara thermal power plant is being set up by NTPC. Alstom and Bhel won this tender for supplying equipment in an international competitive bidding round.

"It will also assist Bhel with technical advisors during the erection and commissioning of the two units," the release said, adding that this contract is worth about 100 million euro.

Key components will be manufactured from Alstom's facilities in Wellsville and Concordia in the USA as well as in Durgapur and Shahabad, India.

Unit I (800 MW) is expected to be commissioned in 2016, while unit II is expected to be commissioned in 2017.

"We are delighted to continue to partner with Bhel on this project. Alstom is committed to further investing and developping in India in power sector," Andreas Lusch, Senior Vice President of Alstom Thermal Power's Steam business, said.

The company's scrip closed at Rs 323.65, up 1.57% on the BSE.