Jaiprakash Power Ventures, part of the Jaypee group and L&T-MHI ((a JV between L&T and Mitsubishi heavy industries) have signed an agreement for the supply and erection of the boiler and steam turbine and generator for the Jaypee Nigrie super thermal power project. The contract is valued at Rs 4,000 crore.
The project which is coming up in Singrauli district of Madhya Pradesh comprises two 660 MW super-critical units.
While the contract for the Boiler Island has been given to L&T-MHI Boilers, the steam turbine generator has been given to L&T. The expected date of commissioning for unit I and unit II are 45 and 51 months, respectively.
On the Bombay Stock Exchange, L&T's shares closed on Wednesday at Rs 1,421.80, down 1.57 per cent.