BHEL bags Rs 1,395 cr contract from NMDC
State-owned BHEL on Monday said it has bagged a Rs 1,395 crore contract from the country's biggest miner NMDC for handling raw material at its steel plant at Nagarnar in Chhattisgarh.
BHEL will set up the Raw Material Handling System (RMHS) package for NMDC's three million tonnes per annum steel plant at Nagarnar in Chhattisgarh, on turnkey basis, the power equipment maker said in a statement.
The contract was signed in the presence of BHEL CMD B P Rao and NMDC CMD Rana Som.
The project includes Engineering, Procurement and Construction of complete RMHS, from receipt of various raw material (coal, iron ore etc) from wagon tippling to crushing.
The order envisages installation of conveyor length of nearly 30 kms.
The government has recently approved disinvestment of five per cent of its stake in BHEL, which could fetch about Rs 4,320 crore. The government holds 67.72 per cent in BHEL.
In 2010-11, the company recorded a turnover of Rs 43,337 crore and profit after tax of Rs 6,011 crore.