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BGR Energy Systems Ltd has bagged a Rs 1,900-crore contract from Damodar Valley Corporation to supply steam generators, according to a press release from BGR Energy.
The Chennai-based company will supply steam generators for the Raghunathpur Thermal Power Project Phase-II. BGR Energy has received the Letter of Award from Damodar Valley Corporation, which is setting up the 2x660 MW project.
The order value includes a €109.79-million component and a rupee component of about Rs 1,121 crore totalling Rs 1,901.57 crore. The order is to be executed over 58 months and provides for price variation and foreign exchange changes.
In February 2012, BGR Energy emerged the lowest bidder in the National Thermal Power Corporation’s bulk tender for supplying 11 super critical boilers of 660 MW.
NTPC is to award six super critical boiler contracts to the lowest bidder. Earlier it also received the notice of approval for supplying equipment to the projects in Solapur, Maharashtra, and Meja, Uttar Pradesh.
The company’s order book stands at Rs 14,577 crore.
BGR Energy holds a 70 per cent stake in BGR Boilers Pvt Ltd promoted jointly with Hitachi Power Europe, Germany, which holds a 30 per cent stake. It has a technical collaboration with its partner to make 660 MW, 700 MW, 800 MW and 1,000 MW super critical boilers.
BGR Energy is a listed company with a presence in engineering procurement and construction and balance of plant engineering and contracting in the power sector.
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