BHEL wins Rs 1,500 cr thermal power plant contract

Bharat Heavy Electricals Ltd (BHEL) has bagged DPSC Ltd's Greenfield 540-MW (270 MW x2) thermal power plant contract. DPSC is now controlled by Srei Infrastructure and India Power Corporation Ltd, a joint venture between Srei Infrastructure and Bhaskar Silicon that took over management from Andrew Yule. BHEL has also bagged the contract for the 450-MW (150MWx3) thermal power plant at Haldia, executed by IPCL at an estimated cost of Rs 2,400 crore. The DPSC power plant is likely to be executed in the next 36 months and the Haldia plant would require another two years.