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BHEL wins Rs.703 Crore Contract for 270 MW

Thermal Power Plant in Maharashtra

New Delhi, May 25, 2009

Bharat Heavy Electricals Limited (BHEL) has secured an order for the main plant package at the upcoming Bela Thermal Power Project (TPP) in Maharashtra, involving one new-rating unit of 270 MW.

Valued at Rs.703 Crore, the order for the greenfield power project, located at Bela in Nagpur district, has been placed on BHEL by Ideal Energy Projects Limited (IEPL) reflecting the customer’s confidence in the company’s technological excellence and project execution capabilities.

Coming close on the heels of an order for a 600 MW thermal power plant of Korba West Power Company Limited in Chhattisgarh, this order is testimony to the confidence reposed by Independent Power Producers (IPPs) in BHEL’s capabilities. It also reinforces BHEL’s leadership status in the execution of thermal power projects involving supply of state-of-the-art equipment, suited to Indian coal and Indian conditions.

Significantly, major private sector customers have been reposing confidence in BHEL and in fiscal 2008-09 itself, orders worth over Rs.13,000 Crore were placed on the company by Jindal Power, Jaiprakash Power Ventures, GVK Power, Hindalco, HPCL Mittal Energy Ltd., Adani Power, Tatas and ACC, among others.

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