Reliance Infrastructure Bags Rs 5,000 Crore Contracts In Bangladesh

Reliance Infrastructure Bags Rs 5,000 Crore Contracts In Bangladesh

Reliance Infrastructure Ltd (RInfra) today announced it has bagged two contracts worth Rs 5,000 crore for a gas-based power plant and an Liquefied Natural Gas (LNG) terminal after international competitive bidding in Bangladesh.

The first Engineering, Procurement and Construction (EPC) contract includes setting up the infrastructure for a 750 Megawatt LNG-based combined cycle power plant at Meghnaghat in Dhaka while the second project is for building a 500 million standard cubic feet per day (MMSCFD) capacity floating storage regasification unit (FSRU)-based LNG terminal at Kutubdia Island in that nation.

“Our thrust on EPC has ensured the successful execution of all the EPC projects we have won. This power project win comes after winning an EPC order for Rs 3,675 crore from NLC India for setting up two Lignite-based CFBC Thermal Power Projects of capacity 250 MW each,” RInfra CEO-EPC Arun Gupta said.

Both the Bangladesh contracts are to be executed within 24 months and are to be completed by 2019. The contracts for both the projects includes design, engineering, supply, transportation, erection, testing and commissioning. The integrated LNG terminal project works would also include setting up a jetty and onshore and offshore gas pipelines.

RInfra has presence in roads and highways, railways and metro, mega civil projects, water and marine and renewable energy segments apart from the power sector. The company has a project portfolio of 1,000 Kilometer (Km) of roads, 140 Mw of solar power, 4,000 Km of power transmission lines and 9,000 Mw of thermal power generation assets.

Reliance Infrastructure’s share price at the Bombay Stock Exchange (BSE) was trading at Rs 444.35, up 0.3 per cent at 12:22 hours on Wednesday. Read More

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