SOURCE: Industrial Info Resources

July 03, 2008 05:30 ET

BHEL-GE Consortium Wins $550 Million EPC Contract for 740-Megawatt Power Project in India, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - July 3, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- A consortium of Bharat Heavy Electricals Limited (BHEL) (BOM:500103) (New Delhi, India) and General Electric (NYSE:GE) (Fairfield, Connecticut) has outbid Alstom (EPA:ALO) (Levallois-Perret, France) to win a $550 million engineering, procurement and construction contract from the hydrocarbons exploration giant Oil and Natural Gas Corporation (ONGC) (Dehradun, Uttaranchal) to set up a 740-megawatt (MW) power project at Palatana in the northeastern state of Tripura.

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