Alstom India Ltd. said it had been awarded a contract for Rs.674 crore or 100 million euros by Bharat Heavy Electricals Ltd. (BHEL) for supply of components and services for the 2x800 MW Gadarwara super thermal power plant at Gadarwara in Madhya Pradesh, India.
The company said, Alstom India's scope of work would be around Rs.337 crore or 50 million euros.
Under the scope of the contract, Alstom Thermal Power will cooperate with BHEL in designing the boilers and supply pressure part of the 800 MW super-critical boilers along with pulverizers and airpreheater components. It will also assist BHEL with technical advisors during the erection and commissioning of two units.
The company said the key components would be manufactured from Alstom's facilities in Wellsville and Concordia in the US as well as in Durgapur and Shahabad, India. Unit I is expected to be commissioned in 2016, whilst unit II is expected to be commissioned in 2017.
Senior Vice President of Alstom Thermal Power' Steam Business Andreas Lusch said, "We are delighted to continue to partner with BHEL on this project. Alstom is committed to further investing and developing in India in power sector."
The company said its Board had recommended a dividend of Rs.10 per equity share for Rs.10 each for the fiscal year 2013.
At the BSE, Alstom India closed Thursday's trading at Rs.323.65, up 1.57 percent from the previous close.
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