Reliance Infrastructure bags EPC order for Rs 3,675 crore

reliance-infrastructureReliance Infrastructure Limited (RInfra) EPC Division has won a prestigious EPC order for Rs 3,675 crore (Rs 2,302 crore plus USD 205 million) from NLC India Limited (formerly known as Neyveli Lignite Corporation Limited) for setting up two nos. of Lignite based CFBC
Thermal Power Projects
of capacity 250 MW each, in Barsingsar and Bithnok of Bikaner District, Rajasthan, India.

The contract entails complete Engineering, Procurement and Construction (EPC) on turnkey basis of 2 Nos of 1 X 250 MW Power Plant based on Circulating Fluidized Bed Combustion (CFBC) technology. The project is to be commissioned in 40 months, and will include Boiler, Turbine & Generator and Balance of Plant. RInfra won the bid amidst stiff competition against leading EPC players. Expression of Interest (EOI) for Qualification Requirement (QR) through International Competitive Bidding (ICB) on EPC basis was floated, and leading companies including RInfra, BHEL, Lanco, SEPCO I, SEPCO III and BGR Energy participated in the bid. RInfra bid was the lowest amongst shortlisted bidders.

With a clear focus to position itself in India’s growing infrastructure sector, and a plethora of projects in the offing including metro rails, nuclear power plants, air quality control, marine, inland, railways, ports, dredging, and mega infrastructure projects, RInfra is targeting EPC opportunities worth Rs. 2 lakh crore planned by Government of India. It is aggressively bidding for over Rs. 1 lakh crore of projects in this financial year to increase the EPC order book to over Rs 30,000 crore by FY18.

Speaking on the occasion, Arun Gupta, CEO RInfra EPC said, “This is a prestigious project for us and will add up to our existing credentials of executing big scale, complex projects in record time and at competitive cost. With our experience of having executed different types of power projects, from supercritical coal fired to advanced class gas turbine to renewable energy, this contract will augment our capability and add Neyveli Lignite Corporation a Navratna PSU in our existing illustrious client list. This project has been won by us at the right time to further leverage our unparalleled comprehension of critical technology, expertise in engineering and time bound execution in the EPC space.”

RInfra EPC division has earlier executed large scale projects worth Rs.33,000 crore ($ 5 Billion) including the ultra mega power project (UMPP) of 3,960 MW at Sasan, Madhya Pradesh. RInfra EPC is known for their unmatched capability in executing challenging projects, through a right mix of innovation, technology and robust processes to manage cost, time and delivering world – class quality.

With its expertise and proven track record of executing challenging projects ahead of schedule, RInfra EPC division has also signed MOUs and joint ventures with leading global companies, in order to augment its capabilities to participate in mega transformative projects in the EPC space.

NLC’s thermal power stations are South Asia’s first lignite fired and India’s first pithead based power station. NLC, from the lignite extracted from its mines, operates five thermal power stations with an aggregate capacity of 3,240 MW in the states of Tamil Nadu and Rajasthan.

Bithnok Thermal Power Project (250MW) with the linked lignite mine of 2.25 MTPA capacity at Bithnok in the State of Rajasthan is being set up by NLC for which Power Purchase Agreement has been signed with Rajasthan DISCOMs.

Barsingsar Thermal Power Station Extension (250MW) with linked Hadla Lignite Mine (1.9 MTPA), Rajasthan is an extension of the existing power plant at Barsingsar. Both the projects are set for commissioning during 2020.

Reliance Infrastructure Ltd
BSE 450.10 [6.45] ([1.41]%)
NSE 449.85 [6.70] ([1.47]%)

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Reliance Infrastructure bags EPC order for Rs 3,675 crore

Reliance Infrastructure LimitedReliance Infrastructure Limited (RInfra) EPC Division has won a prestigious EPC order for Rs 3,675 crore (Rs 2,302 crore plus USD 205 million) from NLC India Limited (formerly known as Neyveli Lignite Corporation Limited) for setting up two nos. of Lignite based CFBC
Thermal Power Projects
of capacity 250 MW each, in Barsingsar and Bithnok of Bikaner District, Rajasthan, India.

The contract entails complete Engineering, Procurement and Construction (EPC) on turnkey basis of 2 Nos of 1 X 250 MW Power Plant based on Circulating Fluidized Bed Combustion (CFBC) technology. The project is to be commissioned in 40 months, and will include Boiler, Turbine & Generator and Balance of Plant. RInfra won the bid amidst stiff competition against leading EPC players. Expression of Interest (EOI) for Qualification Requirement (QR) through International Competitive Bidding (ICB) on EPC basis was floated, and leading companies including RInfra, BHEL, Lanco, SEPCO I, SEPCO III and BGR Energy participated in the bid. RInfra bid was the lowest amongst shortlisted bidders.

With a clear focus to position itself in India’s growing infrastructure sector, and a plethora of projects in the offing including metro rails, nuclear power plants, air quality control, marine, inland, railways, ports, dredging, and mega infrastructure projects, RInfra is targeting EPC opportunities worth Rs. 2 lakh crore planned by Government of India. It is aggressively bidding for over Rs. 1 lakh crore of projects in this financial year to increase the EPC order book to over Rs 30,000 crore by FY18.

Speaking on the occasion, Arun Gupta, CEO RInfra EPC said, “This is a prestigious project for us and will add up to our existing credentials of executing big scale, complex projects in record time and at competitive cost. With our experience of having executed different types of power projects, from supercritical coal fired to advanced class gas turbine to renewable energy, this contract will augment our capability and add Neyveli Lignite Corporation a Navratna PSU in our existing illustrious client list. This project has been won by us at the right time to further leverage our unparalleled comprehension of critical technology, expertise in engineering and time bound execution in the EPC space.”

RInfra EPC division has earlier executed large scale projects worth Rs.33,000 crore ($ 5 Billion) including the ultra mega power project (UMPP) of 3,960 MW at Sasan, Madhya Pradesh. RInfra EPC is known for their unmatched capability in executing challenging projects, through a right mix of innovation, technology and robust processes to manage cost, time and delivering world – class quality.

With its expertise and proven track record of executing challenging projects ahead of schedule, RInfra EPC division has also signed MOUs and joint ventures with leading global companies, in order to augment its capabilities to participate in mega transformative projects in the EPC space.

NLC’s thermal power stations are South Asia’s first lignite fired and India’s first pithead based power station. NLC, from the lignite extracted from its mines, operates five thermal power stations with an aggregate capacity of 3,240 MW in the states of Tamil Nadu and Rajasthan.

Bithnok Thermal Power Project (250MW) with the linked lignite mine of 2.25 MTPA capacity at Bithnok in the State of Rajasthan is being set up by NLC for which Power Purchase Agreement has been signed with Rajasthan DISCOMs.

Barsingsar Thermal Power Station Extension (250MW) with linked Hadla Lignite Mine (1.9 MTPA), Rajasthan is an extension of the existing power plant at Barsingsar. Both the projects are set for commissioning during 2020.

Reliance Infrastructure Ltd
BSE 451.50 [5.05] ([1.11]%)
NSE 450.50 [6.05] ([1.33]%)

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Buzzing Stocks: Corporation Bank, Suzlon gain, while Tata Motors drops

Bussing stocksCorporation Bank soared 13% to Rs 47.65 on the BSE after the bank posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015.

Hindalco Industries zoomed 3.8% after the company posted a net profit of Rs 439.7 crore for the quarter ended September 30, 2016 as compared to Rs 123.5 crore for the quarter ended September 30, 2015.

Tata Motors tanked 7.5%. The company has posted a net profit after tax, share of profit of joint ventures and associates of Rs 848 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 1,740 crore for the quarter ended September 30, 2015.

Suzlon Energy rallied 6.7%. The company has posted a net profit of Rs 238 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 202 crore for the quarter ended September 30, 2015.

Reliance Infrastructure slipped 5.7%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 571 crore for the quarter ended September 30, 2016 as compared to Rs 426.3 crore for the quarter ended September 30, 2015.

Bank of Baroda climbed 5.7% after the bank posted four-fold rise in net profit at Rs 552 crore for the quarter ended on September 30, 2016, despite increase in bad loans. It had reported a net profit of Rs 124 crore during the same period last fiscal.

Tata Steel fell 5.7%.  The company has posted a net loss of Rs 49.5 crore for the quarter ended September 30, 2016 as compared to net profit of Rs 5,609 crore for the quarter ended September 30, 2015.

Aurobindo Pharma slipped 2.4%.  The pharma company reported 33.5% year-on-year rise in consolidated net profit to Rs 605.64 crore for the quarter ending September mainly on account of robust formulation sales.

BPCL slipped 1.5% after the oil marketing company posted a net profit of Rs 1,305 crore for the quarter ended September 30, 2016 as compared to Rs 1,034.52 crore for the quarter ended September 30, 2015.

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