General Electric Company (GE) has bagged a contract worth around Rs 270 crore from Bharat Heavy Electricals Ltd (BHEL) for supply of boilers for Telangana Super Thermal Power Project.
“GE has been awarded a contract worth approximately Rs 2,700 million by BHEL to supply two units of 800 MW supercritical boilers for Telangana Super Thermal Power Project, Phase-I, located in Telangana,” GE Power India Ltd said in a filing to BSE.
Bharat Heavy Electricals Limited owned by the Government of India, is an engineering and manufacturing company based in New Delhi, India. Established in 1964, BHEL is India’s largest power plant equipment manufacturer.
The company has been earning profits continuously since 1971-72 and paying dividends uninterruptedly since 1976-77.
It has been granted the prestigious Maharatna (big gem) status in 2013 by Govt of India for its outstanding performance.The elite list of maharatna contains another 6 behemoth PSU companies of India.
The units are expected to be commissioned in 2020. Under the contract, GE - the sole licensor for BHEL supercritical technology will design the 800 MW supercritical boilers and supply identified pressure parts.
GE Power India Ltd will assist BHEL with technical advisors during erection and commissioning of the units. Key components of the pressure parts will be manufactured at company facilities in Durgapur.
Out of the entire aforesaid contract, GEPIL’s scope of work would be approximately Rs 180 crore.