Infrastructure development firm RPP Infra Projects Ltd expects to add a 50-megawatt (Mw) coal-based power project in Indonesia with its order book, soon.
The company, through a consortium of companies, is expected to sign a memorandum of understanding with the Government of Indonesia for the project estimated to cost around Rs 400 crore by April, 2012, according to a senior official from RPP Infra Project.
“This would be our foray into Indonesian market and into coal-based power sector,” said M K Sivabal, chief operating officer of RPP Infra Projects. The project, near Jakarta, is worked out as a design, build, finance, operate and transfer model.
The company had entered into a bid for the project through a consortium in collaboration with the Jakarta-based construction design, engineering, procurement and construction firm P T Truba Alam Manung-gal Engineering Tbk and Hyderabad-based KSK Energy Ventures Ltd, which would provide technical expertise. However, details including the total funding for the project and revenue sharing model between the companies in the consortium are to be finalised by the time of signing MoU, he said.
The order book of RPP Infra Projects is presently around Rs 2,000 crore. This week, it has announced that it has won orders of around Rs 30 crore for irrigation and civil works in Tamil Nadu.
The company is awaiting results on bids of around 10-12 projects both in India and overseas. “We are expecting a robust topline and bottomline growth in the fiscal and the following fiscal year,” said Sivabal.
The company posted a revenue of Rs 212 crore last fiscal year and has registered a turnover of Rs 267 crore for the first three quarters of present fiscal.