NTPC-BHEL JV expects orders worth Rs 7,000 crore by FY'11

NTPC-BHEL Power Projects Pvt Ltd on Thursday said it's expecting orders worth Rs 7,000 crore by the end of the current fiscal. NBPPL has been jointly set up by NTPC and BHEL

NTPC-BHEL Power Projects Pvt Ltd (NBPPL), is a 50:50 joint venture company of state-owned NTPC and BHEL for capacity building in manufacturing of power plant equipment.

The present orderbook of NBPPL stands at Rs 450 crore and is likely to touch Rs 3,500 crore by July, 2010, and to Rs 7,000 crore by the end of the financial year 2010-11, a company statement said.

The company plans to achieve a turnover of Rs 10,000 crore by the year 2014-15 with an estimated profit of Rs 630 crore, it said. It has already taken up EPC work for Namrup gas-based project of 100 MW in Assam and Palatana gas-based project of 726 MW in Tripura. NBPPL would take up execution of 500 MW Singrauli thermal power station and also a 600 MW thermal power project at Rayalseema.

NBPPL would also set up a power equipment manufacturing facility in Andhra Pradesh at an investment of Rs 6,000 crore.