Reliance Infrastructure has received purchase order of Rs 10.81 billion from Nuclear Power Corporation of India Limited (NPCIL) for the prestigious engineering, procurement and construction (EPC) contract for Common Services System, Structure & Components (SSC) package and allied civil works of Unit -3 and 4 of Kudankulam Nuclear Power Project at Tirunelveli District in Tamil Nadu.
The contract entails design, engineering, supply, erection, testing and commissioning of SSC package and allied civil works on EPC basis. The project is to be commissioned in 56 months.
The contract value is inclusive of taxes and duties and also contains imported component of USD 23.2 million. EPC division of the infrastructure major has won the contract amidst competition from leading EPC players like BHEL, L&T, Tata Projects and BGR.
With a clear focus to position itself in India's growing infrastructure sector, and a multitude of projects in the offing in areas as diverse as power, metro rails, nuclear power plants, air quality control, marine, railways, ports, and mega infrastructure projects, Reliance Infrastructure Limited is targeting EPC opportunities worth Rs. 2 lakh crore and increase the EPC order book to Rs 500.00 billion by FY19.
Arun Gupta, CEO, Reliance Infrastructure EPC, said, ''This is an extremely prestigious and important project for us. It will give us an opportunity to showcase our expertise in design, construction and project management of power projects. We are confident of delivering the project on time and with international quality standards.''
In recent past, Reliance Infrastructure Limited has secured multiple EPC orders in power sector including 2 x 250 MW lignite-based CFBC Thermal Power Project from NLC India, Flue Gas Desulphurization works of 3 x 500 MW power plant from NTPC Limited, BOP works of 2X800 MW coal based Thermal Power Project from TANGEDCO and 750 MW Combined Cycle Power Plant along with a 500 MMSCFD Floating Storage Re-gasification Unit based integrated LNG terminal project in Bangladesh.
Shares of the company gained Rs 0.9, or 0.2%, to trade at Rs 448.65. The total volume of shares traded was 62,988 at the BSE (12.17 p.m., Monday).
