BHEL gets Rs1,143 crore order from NTPC

BHEL received the order for supply and installation of the main plant package, including boilers, turbines and generators, for NTPC's power project in Madhya Pradesh

New Delhi: State-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has received a contract, worth Rs1,143 crore, from India's largest power generation utility NTPC for setting up a 500-Mw power generating unit at its Vindhyachal Super Thermal Power Station in Madhya Pradesh, reports PTI.

"NTPC has placed a major order on the company for supply and installation of the main plant package (boilers, turbines and generators) for a power project in Madhya Pradesh involving one generating unit of 500 Mw," BHEL said in a statement.

"Valued at Rs1,143 crore, the contract envisages setting up a 1x500 Mw thermal power generating unit at NTPC's Vindhyachal Super Thermal Power Station (STPS), in Madhya Pradesh," the statement said.

On commissioning of the unit, 12 million units of electricity will be added to the grid, every day, BHEL said.

"With the commissioning of this unit, the cumulative generating capacity of the power station will be enhanced to 4,760 Mw," it said.

BHEL's scope of work in the contract envisages design, engineering, manufacture, supply and erection & commissioning of Steam Generator and Steam Turbine Generator along with associated Auxiliaries and Controls & Instrumentation.

The equipment for the project will be manufactured at BHEL's Trichy, Ranipet, Haridwar, Hyderabad, Bangalore and Bhopal Plants, while the company's Power Sector, Western Region, will be responsible for erection and commissioning of the equipment.

The company has established the capability to deliver power plant equipment of 20,000 Mw a year.



Bharat Bandh: Banks report thin business in Mumbai

While branches in Mumbai were open as the transport system was not impacted by the strike, the business was thin

Mumbai: Banks witnessed thin business in the nation's financial capital on Thursday following the nationwide bandh called by the National Democratic Alliance (NDA) and Left parties against the steep hike in petrol prices last week, reports PTI.

While branches were open as the city transport system was not impacted by the strike, the banking district in the city's southern periphery witnessed low business because there was a near-total compliance to the bandh call by traders and other commercial establishments.

Spokespersons of many leading banks said it was too early to assess the impact on their business and there was no problem with attendance.

"We have asked our circle heads to report with details, which is expected by late afternoon," an official with the State Bank of India's industrial relations department said.

A Corporation Bank official said although there was no staff drop-out, business was dull.

Private banks said while there was no problem with attendance, there can be a few forced shut-downs at some pockets in the city, but they have not heard anything so far.

However, they also said business was dull.



Telenor in talks for new partner in India

Following the cancellation of Uninor's licences, Telenor is planning to set up a new company with new partner, which would participate in fresh auction for spectrum

New Delhi: Norwegian company Telenor on Thursday said it is in discussions to rope in a new partner for its telecom business in India before the government auctions the spectrum, reports PTI.

The company's Indian unit Uninor suffered a major setback after 22 of its licences were cancelled by the Supreme Court in February in the 2G spectrum allocation case.

While cancelling 122 licences in all of various telecom operators, the apex court ordered the government to conduct a fresh spectrum auction, where Telenor intends to participate with a new partner.

"We are in active discussions for partners with handful of people," Telenor Executive Vice President and Head of Region Asia Sigve Brekke told reporters.

Telenor operates a telecom services joint venture 'Uninor' in India with real estate major Unitech. It holds over 67% stake in Uninor, while the rest is with the Indian partner.

Following the cancellation of Uninor's licences, Telenor had said it planned to set up a new company for.

It had also sought damages from Unitech accusing it of "fraud and misrepresentation" of facts based on which it had invested over Rs6,000 crore in the joint venture.

"I am quite optimistic that we will part with all these issues prior to the auction dates. The day we go into that auction, we need to have established a new company, which has transfered assets, a company with a new partner and the old partner is out. All this needs to be in place before the auctions," he said.

Brekke added that new partner may have 26% share in the new entity, as Indian rules allow foreign companies to own a maximum of 74% stake in a telecom venture.



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