548 crore NTPC order
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“The Lara bid was opening on September 15, 2011. BGR emerged as the lowest bidder competing against BHEL, L and Toshiba. The issue of notification of award (NoA) was delayed due to land acquisition and environmental clearances. The work on the project should be completed in 44 and 48 months time,” BG Raghupathy, CMD of BGR energy said.
The company has also emerged as the lowest bidder for NTPC’s Darlipali project in Orissa. The value of this contract is around Rs 1500 crore.
BGR is also setting up a power plant equipment factory near Madurantakam, near Chennai. The work on the factory, for which the company has signed a MoU with the Tamil Nadu state government, will begin in April and the first phase would be commissioned in 14 months thereof. The total investment in the manufacturing plant, which is coming up in JV with Hitachi of Japan, is Rs 3000 crore of which 30% is equity and the rest through debt, Raghupathy said. Of the Rs 3000 crore, two thirds would be turbine manufacturing while Rs 1000 crore would be for making boilers.