Reliance Infrastructure has won a prestigious engineering, procurement and construction (EPC) contract for Rs 36.47 billion from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO) for balance of plant (BoP) package and allied civil works for 2 x 800 MW supercritical coal-based Uppur Thermal Power Project at Ramanathapuram District in Tamil Nadu.
The contract entails design, engineering, supply, erection, testing and commissioning of BoP package and allied civil works on EPC basis. The project is to be commissioned in 36 months.
EPC division of the infrastructure major has won the contract in International Competitive Bidding amidst competition from leading EPC players like BHEL, L&T, Tata Projects and BGR. With this contract, Reliance Infrastructure EPC order book now stands at over Rs 150 billion.
With a clear focus to position itself in India's growing infrastructure sector, and a multitude of projects in the offing in areas as diverse as power, metro rails, nuclear power plants, air quality control, marine, railways, ports, and mega infrastructure projects, Reliance Infrastructure Limited is targeting EPC opportunities worth Rs. 2 lakh crore and increase the EPC order book to Rs 500 billion by FY19.
Arun Gupta, CEO, Reliance Infrastructure EPC, said, ''This is a prestigious project for us and will add to our existing credentials of executing large, complex projects in record time and at competitive cost. We will leverage our experience of execution of different types of power projects, from supercritical coal fired to advanced class gas turbine to renewable energy, in execution of this project and addTANGEDCO to our list of illustrious clients.
In recent past, Reliance Infrastructure Limited has secured multiple EPC orders in power sector including 2 x 250 MW lignite-based CFBC Thermal Power Project from NLC India, Flue Gas Desulphurization works of 3 x 500 MW power plant from NTPC and 750 MW Combined Cycle Power Plant along with a 500 MMSCFD Floating Storage Re-gasification Unit based integrated LNG terminal project in Bangladesh.
In addition to power sector projects, Reliance Infrastructure Limited has won three road projects from NHAI, totaling 207 km.
Reliance Infrastructure EPC division has earlier executed large projects worth Rs 330 billion (USD 5 billion) including the 3,960 MW Ultra Mega Power Project at Sasan, Madhya Pradesh. Reliance Infrastructure EPC is known for its 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.
Shares of the company declined Rs 2.6, or 0.59%, to trade at Rs 441.05. The total volume of shares traded was 0 at the BSE (9.03 a.m., Friday).
