State-run power equipment maker Bharat Heavy Electricals Limited on Wednesday said it has bagged a Rs 10.34 billion gas turbine-based captive power plant order from HPCL. In a regulatory filing, Bharat Heavy Electricals Ltd (BHEL) said it has "won a prestigious contract for setting up a gas turbine based captive power plant on lumpsum turnkey (LSTK basis) under International Competitive Bidding (ICB)".
"Valued at Rs 10.34 billion, the order has been placed on BHEL by Hindustan Petroleum Corporation (HPCL) for its Visakh Refinery expansion project at Visakhapatnam, Andhra Pradesh," it added.
BHEL said this captive power plant is being set up to meet the power and steam required by HPCL for its planned refinery expansion from 8.33 to 15 MMTPA. Shares of BHEL were trading 1.29 per cent lower at Rs 91.95.