L&T, two others bag UP deal
Infrastructure major Larsen and Toubro (L&T), Genus Power and Allied Engineering have bagged a contract to supply 10 million pre-paid meters to Uttar Pradesh (UP) under the Saubhagya scheme, which aims to add more than 40 million households to the power grid by December this year.
T&D sits with Rs.30,000-crore refinancing opportunity
From the projects handled, we have developed a core team of project managers and sub-contractors who understand every facet of the activity from design, construction to commissioning and have established a methodology for speedy construction from which we are progressing in transmission work along with established distribution work.
Racing Ahead of Demand
The power sector, over a period of six months, has witnessed large scale investments in the power generation segment leading to an increase in the installed capacity to 329 GW as on September 30, 2017 from 132 GW as on March 31, 2007.
Green Shoots Visible
The Indian power sector is one of the most widespread in the world. Power is one of the most crucial components of infrastructure. It is vital for economic growth.
No clear roadmap
The outlook for thermal power generation market is not negative as India is still hugely underserved on electricity. The current limbo is caused by a sudden addition of about 100 GW in a five year period, driven by a policy of coal block allocation i.e., a rush encouraged by the premium from fuel shortages.
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