Wind turbine manufacturer Suzlon Energy Ltd said it won an order, worth Rs1,149 crore, from Kolkata-based engineering company Techno Electric Group (TEG).
The 202 MW order is a part of TEG's agreement with Suzlon for developing 500MW of new capacity and is the single largest deal signed by an independent power producer in the wind power sector, Suzlon said in a filing to the Bombay Stock Exchange (BSE).
The order will be executed in two phases, of which the phase-I of 101.4 MW will be commissioned in Tamil Nadu by June 2011, and the phase-II of 100.8 MW by December 2011, the filing added.
Suzlon has a market share of about 50% in the wind power sector in India.
On Tuesday, Suzlon shares declined 2.4% at Rs55 on the BSE, while the benchmark Sensex gained 0.5% to 20,001 points.
Bharat Heavy Electricals Ltd (BHEL) said it won a contract, worth Rs2,665 crore, from Visa Power Ltd to set up a 1,200MW thermal power plant (2x600 MW) in Chhattisgarh.
BHEL will supply and install main plant package for Visa Power's upcoming coal-based thermal power project at Raigarh in Chhattisgarh state, BHEL said in a regulatory filing.
On Tuesday, BHEL shares ended 1.6% up at Rs2,478 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.5% to 20,001 points.
Telecom services provider Bharti Airtel Ltd said it selected Ericsson India, Nokia Siemens Networks and Huawei Technologies as its network partners to launch 3G services in India.
The three companies will plan, design, deploy and maintain a state-of-the-art 3G HSPA (high speed packet access) network in Bharti Airtel 3G license circles. This deployment would meet the growing demand for high speed surfing and wireless entertainment in the country, it said in a regulatory filing.
On Tuesday, Bharti Airtel shares ended 0.2% down at Rs365 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.5% to 20,001 points.