Thursday, March 17, 2011

Reliance Infra gets $1.6 bn power plant order

MUMBAI: Reliance Infrastructure said on Thursday it has secured an order worth Rs 7200 crore ($1.6 billion) to build a 2,400 megawatt power plant in south India for group firm Reliance Power .

Both companies are controlled by Indian billionaire Anil Ambani.

Reliance Power is setting up the gas-based power plant at Samalkot in Andhra Pradesh state, with generation expected by end-2011.

With this contract, Reliance Infrastructure said its engineering, procurement and construction (EPC) order backlog stood at Rs 30,700 crore.

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