22 June, 2011
Infrastructure firm Lanco Infratech Limited (LITL) said it has
bagged an order worth Rs.365.28 crore ($81.33 million) for a
power plant in Iraq, its first international engineering,
procurement and construction order.
The scope of the work includes complete engineering,
procurement and construction of an open cycle gas-based
thermal power plant with two frame gas turbine generator sets
supplied by General Electric International.
The project is scheduled to be completed in 16 months for
which a dedicated project team has already been identified and
put in place.
"This is a major milestone for us as it is in line with our
strategy to win external contracts," LITL executive chairman
L. Madhusudhan Rao said in a statement.
"In the times to come, we will be
putting more impetus on external contracts which will create
benchmarks in the sector," he added.