BHEL wins Rs4,000 crore contract to set up power plant

BHEL will set up 2x600 MW unit for Singareni Collieries Company's upcoming super thermal power project at Adilabad

State-owned BHEL said it has bagged over Rs4,000 crore contract for setting up a thermal power plant in Andhra Pradesh from Singareni Collieries Company.

"BHEL bagged a contract valued at Rs4,071 crore for setting up a 1,200 MW thermal power plant of Singareni Collieries Company Ltd (SCCL) in Andhra Pradesh," the company said in a statement.

BHEL will set up 2x600 MW unit for SCCL's upcoming super thermal power project at Adilabad.

It's scope of work envisages design, engineering, manufacture, supply, erection, testing and commissioning of steam turbines, generators and boilers, along with controls and instrumentation (C&I) and auxiliaries including associated civil work.

The company has established the capability to deliver 15,000 MW per annum. It is being augmented to 20,000 MW.

BHEL had also bagged a Rs3,800 crore order from Dainik Bhaskar Power Ltd last week, for setting up a 1,320-MW thermal power plant in Madhya Pradesh.

In the late afternoon, BHEL was trading at around Rs332.45 per share on the Bombay Stock Exchange, 2.64% up from the previous close.

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GE, Greenko to develop wind energy projects across India

GE unit will invest $50 million to support the development of 500MW of wind projects out of Greenko’s planned development of 1GW of wind projects in India

Expanding GE’s footprint in India and connection with one of the country’s fastest growing clean energy developers, GE Energy Financial Services and Indian-based Greenko Group Plc have agreed to invest in a new venture to develop wind energy projects across India. The GE unit will invest $50 million–its first renewable energy investment in India–to support the development of 500MW of wind projects out of Greenko’s planned development of 1GW of wind projects in India. Greenko has committed $65 million for the venture, a newly created subsidiary of Greenko, known as Greenko Wind Project Pvt Ltd.

“This investment expands GE’s presence in one of the world’s fastest growing power markets with a local, proven renewable energy developer,” said Raghuveer Kurada, managing director and leader of India at GE Energy Financial Services. “In addition to capital, GE Energy Financial Services brings deep wind and other renewable energy expertise gained by building a $6 billion portfolio of renewable energy investments worldwide.”

Greenko is currently developing a pipeline of wind projects in Maharashtra, Andhra Pradesh, Karnataka and Rajasthan, which the new venture, an Indian holding company and Greenko subsidiary specifically set up to develop wind projects, will own. The first project, the 65MW Ratnagiri wind farm in Maharashtra, is planned for completion in December and will use GE’s 1.6MW turbines. The wind turbines, specifically designed for low and medium wind speeds, will be assembled at GE’s facility in Pune, India. Once operational, a 500MW wind portfolio could generate enough renewable electricity to power 875,000 average Indian households and displace 700,000 tonnes per year of greenhouse gas emissions, the equivalent of taking 137,000 average US cars off the road.

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Maruti dismisses 10 workers & terminates 5 trainees

Maruti has dismissed 10 employees, suspended 10 others and terminated the training of five trainees in connection with the strike and violence at the Manesar factory premises

Cracking the whip, Maruti Suzuki India (MSI) on Sunday dismissed 10 workers, terminated five trainees and suspended 10 employees in connection "with the strike and violence at the Manesar factory premises".

In a statement, the company said the strike by the workers and the violence thereafter violated the agreement signed by the workers with the company management on October 1 in the presence of the Haryana government officials.

"The company has dismissed 10 employees, suspended 10 others and terminated the training of five trainees in connection with the strike and violence at the Manesar factory premises," the statement said.

MSI said it continues to be concerned about the safety of people as well as the plant and machinery and on Sunday the company "rescued" another 100 workers who were being "held under duress" by the striking workers in the factory.

"These 100 workers were rescued with the help of police. On Saturday, the company had similarly rescued 355 workers with the help of the police. Many of these workers had been beaten up by the striking workers," it claimed.
"With the rescue of about 450 people, the number of striking workers in the factory premises has come down to around 1,500. About 170 regular workers have stayed away from the strike from the start," the company said.

MSI said in a meeting convened by the labour department on Manesar issue, its management pointed out that the striking workers have violated the agreement signed on October 1 in the presence of Haryana government. The company sought action against the striking workers from the labour department and the Haryana government, the company said.

As per the agreement, the workers had agreed to sign the good conduct bond laid down by the management. Further, while the company had agreed to reinstate 18 trainees, 44 regular employees were to be suspended.

Workers at the Manesar plant went on stay-in strike on Friday afternoon affecting production. The total number of workers who went on the stay-in strike inside the Manesar plant was around 2,000. This included all categories like regular, contractual, apprentices and trainees.

In the late afternoon, MSI was trading at around Rs1077.75 per share on the Bombay Stock Exchange, 3.18% down from the previous close.

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