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BGR Energy bags contract worth Rs 1,901.57 crore from Damodar Valley Corporation

17 Sep 2012 Evaluate

BGR Energy Systems, a leading EPC and BoP company in the power industry, has received the Notification of Award (NoA) from Damodar Valley Corporation for Steam Generators for the Raghunathpur, West Bengal, Thermal Power Project Phase -II (2x660 MW).

The company has received Letter of Award from Damodar Valley Corporation for supply of 2x660 MW steam generators to be set up at Raghunathpur in the state of West Bengal. The order is valued at Euro 109.79 million plus rupee component of Rs 1,121 crore (approximately Rs 1,901.57 crore). The execution period of the contract will be 58 months. The contract provides for price variation and foreign exchange variation risk protection.

On February 29, 2012 BGR Energy System emerged as the lowest bidder in the NTPC bulk tender for supply 11x 660 MW super - critical Boilers. Earlier BGR Energy received the NoAs for Solapur, Maharashtra and Meja, Uttar Pradesh and the NoA for Raghunathpur, West Bengal was issued on September 7, 2012. As per tender condition, NTPC is to award six units of super critical boilers to the L-1 bidder, i.e., BGR Energy.  As on date, the order book of the company is at Rs 14,577 crore.

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