Lanco bags Rs 3,294-cr EPC contract from Guj Co
Hyderabad-based Lanco Infratech has been awarded a major engineering, procurement and construction (EPC) contract by Gujarat Industries Power Company. According to recent reports, the diversified infrastructure player won the deal amid stiff competition, said T Adibabu, Chief Operating Officer, Finance, Lanco Infratech. The order for setting up of 2x300 mw lignite-based thermal power project includes offshore and onshore supplies, civil and structuring works and engineering and procurement.
Lanco secures Rs 32.9 bn contract in power sector
Gujarat Industries Power Company awarded a Rs 3,294 crore EPC (engineering, procurement and construction) contract to Lanco Infratech for setting up a lignite-based thermal power plant. According to the contract, Lanco would be responsible for offshore and onshore supplies, civil and structuring works and engineering and procurement for the 2x300 mw project
DRDO harnesses wind energy in snow riming areas
In Chandigarh, DRDO laboratory and the US army's Cold Regions Research and Engineering Laboratory (CRREL) have jointly developed a project of the Snow and Avalanche Study Establishment (SASE). Under the project, a prototype has been developed to harness wind energy, which can overcome ice and snow accumulation on wind turbine structures.
ABB to strengthen presence in India
Solar power equipment maker ABB plans to strengthen its presence in India as it feels that the country's PV market is one of the most rapidly growing solar power markets in the world.
Gammon India board to talk debt restructuring
The board of construction and engineering company Gammon India has agreed to begin talks with lenders to restructure the
company's debt through the corporate debt restructuring process, it said in a statement late on Wednesday.
ABB expands its central inverter production to India
The Indian PV market is one of the most rapidly growing solar power markets in the world. The long-term commitment of the Indian government to developing a sound and healthy PV market makes it reasonable for ABB to expand production
Techno Electric to expand wind energy capacity in FY14
Kolkata-based Techno Electric & Engineering may not have added any wind energy capacity in the current financial year, but it has big plans to expand in 2013-14, according to a top company official. The company so far has wind generation capacity of 207 mega watt, of which 162 mw is under its subsidiary Simran Wind Projects and 45 mw with itself.
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