Lanco Infra bags major order from Moser Baer
Lanco Infratech on Tuesday said it had bagged a Rs.4,100-crore order from a subsidiary of Moser Baer Projects to execute a 1,200-MW power project.
Lanco bagged the order through an international competitive bidding. “Lanco Infratech Limited (LITL) engineering, procurement and construction division has been awarded a Rs.4,100-crore EPC contract by a subsidiary of Moser Baer Projects Pvt Ltd for executing its coal-based 2×600 MW power project,” LITL said in a statement here.
“The scope of work includes completion of the main plant, including civil and structural works on engineering, procurement and construction basis,” it added. The company said it has already been asked to go-ahead with the project and the team for the purpose is already in place. “We have been looking at expanding capabilities to take contracts from external clients and this order will help us further strengthen our foothold in the space,” S. C. Manocha, whole-time director of Lanco Infratech and CEO of LITL EPC division said.
LITL EPC division is engaged in providing engineering, procurement, construction, project management and commissioning services on a turnkey basis to the power sector. It also has presence in Singapore and China.
On Monday, Lanco Infratech had announced that it has got letters of intent to develop a 5-MW solar PV (photovoltaic) project and a 100-MW solar thermal project in Rajasthan under the first phase of the National Solar Mission.
It had also unveiled plans to develop 200-300 MW of solar power over the next two years.
Source – Business Line