ISGEC Heavy Engineering has emerged the lowest bidder (L-1) in reverse auction in order for flue gas desulphurisation (FGD) 3 units x 800 MW from NTPC - Kudgi Super Thermal Power Project.
The value of the expected order is about ₹700 crore. ISGEC Heavy Engineering had reported profit of ₹118.98 crore on revenues of ₹2,615.37 crore for FY18, and ₹26.62 crore on revenues of ₹818.87 crore for the fourth quarter of FY 18 .
Shareholders will closely monitor the development.