New Delhi, 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.