New Delhi: Larsen & Toubro (L&T) has outbid Bharat Heavy Electricals Limited (BHEL) for contracts worth over ₹40,000 crore floated by state-owned NTPC to set up three coal-fired power plants, in an indication of resurgence of private sector interest in the thermal power sector. According to officials aware of the development, L&T outbid BHEL for all these projects. “L&T has bid ₹43,559.83 crore for setting up these three projects while BHEL’s bid stood at ₹45,325.31 crore for them,” one of the officials cited above told ET. NTPC’s past few tenders had witnessed interest only from state-owned BHEL. Muted private sector response to these tenders prompted relaxation in some norms. The government also held discussions with the stakeholders on issues that were keeping them away. In May, the Central Electricity Authority (CEA) relaxed pre-qualification requirements allowing companies with experience in erection of ‘sub-critical’ units to participate in ‘supercritical’ ones to…
Please wait while you are redirected...or Click Here if you do not want to wait.Date:
