Our Bureau

New Delhi, Jan. 2

STATE-owned Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 800-crore order from National Aluminium Company Ltd (Nalco) for setting up two power generating units of 120 MW each to expand Nalco's existing 960-MW captive power plant in Orissa.

"This is the largest single-value order bagged by us for a captive power plant," BHEL said in a statement on Monday. The project is expected to be completed within 29 months, it said.

The order was won by BHEL following an international competitive bidding process, the statement said. With the completion of the project, the installed capacity of the station will go up to 1,200 MW, making it Asia's largest captive power plant, it said.

Earlier, BHEL has commissioned eight units of 120 MW each at Nalco's captive station at Angul. The order for the first phase of the project envisaging five units of 120 MW each was placed in June 1982 and was completed by BHEL in 1988.

The BHEL stock ended Monday's trading on the BSE at Rs 1,389.15 per share, down from the opening price of Rs 1,394 per share. The 52-week high for the stock stood at Rs 1,498.50 per share while the 52-week low was at Rs 669.05 per share on the BSE.

(This article was published in the Business Line print edition dated January 3, 2006)
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