Deals21 Jun 2024, 02:43 am
GE Power India Ltd Receives INR 2,434,636,179 Order from NTPC GE Power Services Pvt. Ltd for Steam Turbine R&M
AI Summary
GE Power India Ltd (GEPIL) has received a letter of intent from NTPC GE Power Services Pvt. Ltd (NGSL) for the renovation and modernization of LMZ Steam Turbines of Wanakbori TPS Unit No. 1 and Unit No. 2. The order, worth INR 2,434,636,179 (plus GST 18%), involves Heat Rate (Efficiency) improvement and life extension. GEPIL, as a JV/consortium Partner, will be responsible for all critical supplies including design & engineering, testing and commissioning of the system.
Key Highlights
- GE Power India Ltd has received an order from NTPC GE Power Services Pvt. Ltd worth INR 2,434,636,179 (plus GST 18%).
- The order involves the renovation and modernization of LMZ Steam Turbines of Wanakbori TPS Unit No. 1 and Unit No. 2.
- The project aims at Heat Rate (Efficiency) improvement and life extension of the turbines.
- GEPIL, as a JV/consortium Partner, will be responsible for all critical supplies including design & engineering, testing and commissioning of the system.
- The order falls within related party transactions, but will be done at arms’ length.