Alstom bags Rs 700 crore contract for nuclear power gear

Alstom India said it has bagged a Rs 700 crore contract, to be implemented alongwith state-owned BHEL, for supplying power equipment for Nuclear Power Corporation’s plant at Rawatbhata in Rajasthan.

“Alstom in consortium with BHEL has secured a contract from NPCIL to supply the turbines and generators for the Rajasthan Atomic Power Project at Rawatbhata in the state,” the Indian unit of the French company said in a regulatory to the stock exchange.

[caption id=“attachment_426361” align=“alignleft” width=“380”]  Alstom and BHEL will supply, install and commission the turbine generator packages for the power station’s two new 700 MW capacity units, it said. Agencies[/caption]

More from Business fwire

China property sector distress deepens as second company runs into financial troubles Labour codes unlikely to be implemented this fiscal due to slow progress on drafting of rules, political considerations

Alstom and BHEL will supply, install and commission the turbine generator packages for the power station’s two new 700 MW capacity units, it said. “The expansion of the existing capacity of the 1180 MW of the nuclear plant will help meet increasing demand of power in the country,” it added.

“With India envisioning to increase the contribution of nuclear power to overall electricity generation capacity from 3.2 percent to 9 percent within 25 years, Alstom is well positioned to respond to the country’s ever-increasing electricity requirements,” Patrick Fragman, Senior Vice President of Alstom’s nuclear business said.

Alstom India scrip was trading at Rs 389, up 1.83 percent on the BSE from the previous close.

PTI