Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
11 December, 2017 05:45 IST
RInfra wins overseas EPC contracts of over worth Rs 50 bn
Source: IRIS | 06 Dec, 2017, 12.40PM
Comments  |  Post Comment

Reliance Infrastructure (RInfra) has won two prestigious EPC contracts in Bangladesh together valued at Rs 50 billion. The projects were won on International Competitive Bidding (ICB).

The first EPC contract includes setting up the entire infrastructure of a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia Island, both in Bangladesh.
 
Both the contracts are to be executed in a project schedule of 24 months, and are to be completed by 2019.

The contracts for both the projects entail design, engineering, supply, transportation, erection, testing and commissioning processes. The integrated LNG terminal project works would include setting up jetty and onshore and offshore gas pipelines.

RInfra CEO EPC, Arun Gupta, said, ''Our thrust on engineering, procurement and construction (EPC) has ensured the successful execution of all the EPC projects we have won. This power project win comes after winning an EPC order for Rs 36.75 billion from NLC India for setting up two Lignite based CFBC Thermal Power Projects of capacity 250 MW each.''

RInfra EPC Division has also been shortlisted for prestigious projects like the Bandra-Versova Sea Link, Mumbai Coastal Road, and the Mumbai-Nagpur Expressway.

Shares of the company gained Rs 1.45, or 0.33%, to trade at Rs 444.35. The total volume of shares traded was 93,544 at the BSE (12.27 p.m., Wednesday).



Reliance Infrastructure Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Glenmark Pharma starts trial of investigational immuno-oncology agent GBR 1342 - 08-Dec-2017 10:45
TVS Motor acquires 14.78% stake in Ultraviolette Automotive - 08-Dec-2017 10:18
Emami to acquire 30% stake in Helios Lifestyle - 08-Dec-2017 10:04
Cyient enters into global alliance with EA Tech - 07-Dec-2017 15:35
SSWL expects 11% growth in order book in Q4FY18 - 07-Dec-2017 11:57
Tata Motors reports JLR sales at 52,332 units in Nov'17 - 07-Dec-2017 11:53
Larsen & Tubro bags order worth over Rs 16 bn - 07-Dec-2017 09:47
Bharti Airtel enters into partnership with Intex Tech - 06-Dec-2017 15:12
TVS Motor launches 'TVS Apache RR 310' - 06-Dec-2017 12:46
IRIS Business tops list of SEC filing software providers in USA - 06-Dec-2017 10:54
Suven Life Sciences secures 2 overseas product patents - 06-Dec-2017 10:35
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer