State-run Bharat Heavy Electricals has made announcement that the company has secured an order worth Rs 990 crore from Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL).

Under the terms of the contract, the company will build two units of 250 MW each at Chhabra Thermal Power Station in Rajasthan.

According to the sources, the commissioning of these two units will add 12 million units of electricity every day to the grid.

Patel Engineering Ltd, a leading civil-infrastructure construction conglomerate, has informed that it has secured order worth Rs 695.57 crore from the Andhra Pradesh State Government for the modernization of the Krishna Delta System. 

According to the sources, the project will execute massive modernization programme of the major river delta systems to enhance irrigation potential along the development of Bantumilli Canal, Polarj Canal, Campbell Canal, Dosapadu Channel, Kunderu Channel, East Bank Canal, Gudivada Channel and their distributaries. 

Bharat Heavy Electricals (BHEL) has informed that the company is in talks with Infrastructure Leasing & Financial Services (IL&FS) for financing its overseas operations.

According to the sources, the two conglomerates will soon enter into a memorandum of understanding (MoU), under which IL&FS will offer the financial packages for BHEL`s international project.

With the view to diversify its business footprints in the international business arena, the public sector unit, is eyeing to make its entry in West Asia, Europe and Africa.

The stock analysts have suggested traders to stay invested in BHEL for long term gains. 

Patel Engineering has received an order valued at Rs 6.96 billion from Andhra Pradesh State Government for up gradation of Krishna Delta System.

The scope of order includes massive modernization plan of the major river delta systems to enhance irrigation prospective along different canals, channels and their distributaries on EPC Turn Key Basis. 

The project is likely to be finished in next 36 months.

Moreover, the company is close to purchasing a mid-sized coal mine in Indonesia for about Rs 1 billion.

World’s top leading infrastructure firm, Era Infra Engineering has revealed that the company has bagged two orders, worth Rs 123 crore, from Central Public Works Department for construction related work.

According to the sources, the first order of Rs 70.75 crore has been secured for up-gradation and construction of shooting ranges, armoury building, development of civil and electrical complex and renovation at Karni Singh Shooting Range in the national capital, where events for the Commonwealth Games 2010 would be held
.

Bharat Heavy Electricals has revealed that the company, in the coming three fiscals, will enhance its manufacturing capacity to 20,000 MW from the current 10,000 MW.

According to the sources, the company expects to reach the 15,000 MW manufacturing capacity mark by this year-end.

While commenting on the plan,  Mr. K Ravi Kumar, CMD, BHEL said, “Attention is also being given to rebuild and retrofit existing facilities to enhance their life, accuracy and productivity through additional investment.”

The sources also disclosed that the company has inked MoU with Tamil Nadu Electricity Board for forming a joint venture to build a 2x800 MW supercritical thermal power project.