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Bharat Heavy Electricals Wins INR210 Billion EPC Contract

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Bharat Heavy Electricals (NSE:BHEL, BOM:500103) has received an EPC order worth 210 billion rupees from Meja Urja Nigam for the 3x800 MW Meja Supercritical Thermal Power Project Stage-II in Prayagraj, Uttar Pradesh, according to an Indian bourse filing on Friday.

The scope covers "design, engineering, manufacturing, supply, construction, erection, testing and commissioning works," the filing said. The project is scheduled for completion within 70 months from the date of award, it added.

Meja Urja Nigam is a 50:50 joint venture between NTPC (NSE:NTPC, BOM:532555) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., according to the filing.

Bharat Heavy Electricals shares fell nearly 1% in recent trade.

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