Don’t miss the latest developments in business and finance.

IL&FS Engineering Services JV bags Rs 136 cr order from PGCIL

Image
Press Trust of India New Delhi
Last Updated : Aug 20 2016 | 5:42 PM IST
IL&FS Engineering and Construction Company today said IL&FS Engineering Services JV Bags Rs 136.26 crore turnkey transmission line project in Gujarat from Power Grid Corp.
"IL&FS Engineering Services JV Bags Rs 136.26 crore Turnkey Transmission Line Project in Gujarat from PGCIL".
According to statement IL&FS Engineering Services and Unitech Power Transmission Ltd JV has received a Letter of Award (LoA) from Power Grid Corp for Supply Contract for Tower Package-TW05 for 765 KV D/C Bhuj-Banaskanta Transmission Line (Part-V) associated with Green Energy Corridors: Inter-State Transmission Scheme (ISTS) - Part C, along with contract for construction works of this line in the state of Gujarat.
The total value of this contract is Rs 136.26 crore, and the project completion period is 23 months from the date of issue of the LOA. IL&FS Engineering Services is the lead partner for this contract.
This contract has been won under ICB (international competitive bidding) bidding process, and project is funded under KWU loan.
IL&FS Engineering Services is already executing a 765 KV line project under package TW02 of Power Grid Corp in the same transmission line corridor.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 20 2016 | 5:42 PM IST

Next Story