Thursday, December 23, 2010

Lanco Infra bags Rs 4,100-cr EPC contract

Lanco Infratech, (Lagadapati Madhusudhana Rao, Chairman and MD) a Hyderabad-based infrastructure company on Tuesday said it has bagged a Rs 4,100-crore EPC contract by a subsidiary of Moser Baer. “The scope of work includes complete main plant and BOP package including civil and structural works on engineering, procurement and construction (EPC) basis,” Lanco said. The project would be to execute the company’s coal based (2x) 600-mega watt power project through international competitive bidding (ICB).

SC Manocha, CEO (EPC), Lanco Infratech said: “The contract is the biggest (EPC) one that we have got outside the Lanco group. With this our order book for the quarter will be R25,720 crore.”

Lanco will just implement the contract and Moser Baer will do the fund-raising, he said.
This is the second major contract for Lanco this year, after the the 660-mega watt Kordai project it got in July. Lanco is also bidding for EPC contracts in Bangladesh, Indonesia and Malaysia.
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