L&T JV secures Rs 456 crore Hydropower project order from NTPC

Larsen & Toubro Ltd has announced that the Company, in Joint Venture (JV) with Alpine Mayreder Bau GmbH, Austria has bagged an order valued at Rs 456 crores from NTPC Ltd (a Government of India Enterprise) for the execution of 4 x 130 MW Tapovan Vishnugad hydropower project in Uttaranchal.

The package includes construction of a concrete lined head race tunnel of approx. 11.3 km length and 5.6 m finished diameter, using, partly by, tunnel boring machine and partly by Roadheader / drill and blast. The project is located in district Chamoli on the Dhauliganga river, a major tributary of Alaknanda.

This is the second hydropower project the Company will execute in Uttaranchal. The earlier project, Singoli Bhatwari project being implemented through BOT route, is located 125 km from Tapovan Vishnugad.

Source : Equity Bulls

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