BHEL bags ONGC, HPCL order

NEW DELHI, FEB 6: A sudden burst of orders for power plants of the same configuration from the oil sector, topped off by a whopping Rs 60 crore assignment from Indian Oil Corporation announced on Saturday, has charged up engineering major Bharat Heavy Electricals Ltd.

Close on the heels of Oil & Natural Gas Commission and HPCL ordering 20 mw co-generation plants, a similar assignment from IOC bagged in the teeth of tough MNC competition in an international bidding process has marked up BHEL’s financial prospects for the year.

An official press release on Saturday said the IOC order worth Rs 60 crore has been placed on Bhel by Indian Oil Corporation Ltd (IOC), for a co-generation plant of 20 MW capacity to be set up at its Barauni Refinery in district Begusarai, about 150 km from Patna, in Bihar. The project is scheduled for commissioning by September, 2000. The order envisages manufacture, supply, erection and commissioning of a 20 MW (Frame 5) Gas Turbine Generator.