SOURCE: Industrial Info Resources

Industrial Info Resources

December 16, 2010 05:00 ET

India's NTPC Limited to Spend $36.6 Billion on Power Equipment Supplies in 2011-12, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - December 16, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- NTPC Limited (BSE: 532555) (New Delhi), India's state-controlled power generating entity, has announced plans to invest $36.6 billion in 2011-12 to purchase power equipment for its projects. Confirming reports, Arup Roy Choudhry, the chairman and managing director of NTPC, said that the investment would be made during the next fiscal year for equipment deliveries in the next five years. Choudhry has expressed confidence that domestic and international private-sector equipment suppliers will participate in the bidding process.

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