Reliance Infra Secures Rs 1,081 Cr EPC Contract | CORPORATE ETHOS

Reliance Infra Secures Rs 1,081 Cr EPC Contract

By: | April 9, 2018
rinfra

Apr 9: Reliance Infrastructure Ltd (RInfra), a part of the Reliance Anil Dhirubhai Ambani Group, on Monday said that it has received  a new purchase order of Rs 1,081 crore from Nuclear Power Corporation of India Ltd (NPCIL) for the prestigious engineering, procurement and construction (EPC) contract for Common Services System, Structure & Components (SSC) package and allied civil works of Unit -3 and 4 of Kudankulam Nuclear Power Project at Tirunelveli District in Tamil Nadu.

According to the company, the contract entails design, engineering, supply, erection, testing and commissioning of SSC package and allied civil works on EPC basis. The project is to be commissioned in 56 months.

The company further said that the contract value is inclusive of taxes and duties and also contains imported component of $23.2 million. EPC division of the infrastructure major has won the contract amidst competition from leading EPC players like BHEL, L&T, Tata Projects and BGR.

“With a clear focus to position itself in India’s growing infrastructure sector, and a multitude of projects in the offing in areas as diverse as power, metro rails, nuclear power plants, air quality control, marine, railways, ports, and mega infrastructure projects, Reliance Infrastructure Ltd is targeting EPC opportunities worth Rs 2 lakh crore and increase the EPC order book to Rs 50,000 crore by FY19,” it added.

Speaking on the occasion, Arun Gupta, CEO, Reliance Infrastructure Ltd, EPC, said, “this is an extremely prestigious and important project for us. It will give us an opportunity to showcase our expertise in design, construction and project management of power projects. We are confident of delivering the project on time and with international quality standards.”

RInfra shares were trading at Rs 449.50, up 0.39% from the previous closing of Rs 447.15, on BSE at 1.40 pm today.