Bharat Heavy Electricals (BHEL) has won a prestigious contract for setting up a Gas Turbine based Captive Power Plant on Lumpsum Turnkey (LSTK basis) under International Competitive Bidding (ICB).

Valued at Rs 10.34 billion, the order has been placed on BHEL by Hindustan Petroleum Corporation (HPCL) for its Visakh Refinery expansion project at Visakhapatnam, Andhra Pradesh.

BHEL's scope of work in the contract envisages engineering, manufacture, supply, transportation, erection & commissioning and civil works of one Gas Turbine Generator (GTG), one Heat Recovery Steam Generator and one Steam Turbine Generator along with associated auxiliaries on LSTK basis.

This captive power plant is being set up to meet the power and steam required by HPCL for its planned refinery expansion from 8.33 to 15 MMTPA.

With this order, HPCL has reposed its confidence in BHEL for GTG-based captive power plants. BHEL continues to demonstrate its leadership status in India and abroad for GTG-based power plants with more than 230 GTG projects (executedl under execution) including eight for HPCL's refineries at Visakhapatnam and Mumbai.

The key equipment for this package shall be supplied by BHEL's units at Hyderabad, Trichy, Bengaluru, Bhopal, Ranipet, Jhansi, Visakhapatnam and Rudrapur. The erection and commissioning of the project shall be undertaken by BHEL's Power Sector-Eastern Region, Kolkata.

Shares of the company declined Rs 0.3, or 0.32%, to trade at  Rs 92.85.  The total volume of shares traded  was  196,109 at the BSE (11.53 a.m., Wednesday).