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Lanco Infratech has been awarded a major EPC (engineering, procurement and construction) contract by Gujarat Industries Power Company.
The diversified infrastructure player won the deal amidst stiff competition , according to 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.
The contract worth Rs 3,294 crore is to be executed within 42 months. Work on the project site, including soil testing, will begin soon, Adibabu told Business Line .
With this deal, the company’s order book has gone up to Rs 30,000 crore.
On Tuesday, Lanco Infra shares closed at Rs 9.06, up 3.42 per cent on the BSE.
rishikumar.vundi@thehindu.co.in
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