Alstom-Bharat Forge Power (ABFPL) today bagged a Rs 1,570 crore order from National Thermal Power Corporation (NTPC)'s Solapur project. The order involves engineering, manufacturing, supply, erection and commissioning of the 2x660 mw supercritical steam turbine generator islands (TG Island) for the upcoming project.
ABFPL is a joint venture between Bharat Forge and Alstom , which is a global leader in power generation, transmission and rail infrastructure. Last year, ABFPL had emerged as the lowest bidder in NTPC's bulk tender for supplying 11x660 mw supercritical TG islands, a release said here. This tender was the largest-ever power equipment procurement initiative in the country, it claimed.
"Besides this award for the Solapur project, as per the tender conditions, ABFPL is expecting to shortly get an additional order for three units for the Nabinagar project from Nabinagar Power Generating Co (NPGCPL), a JV between NTPC and Bihar State Electricity Board, the release said, adding the LoI for this project is already with ABFPL.
ABFPL's state-of-the-art integrated facility with an annual capacity of 5,000 mw is expected to be commissioned at Mundra in Gujarat by 2013, the release said.
NTPC stock price
On November 30, 2015, NTPC closed at Rs 131.00, down Rs 1.6, or 1.21 percent. The 52-week high of the share was Rs 164.70 and the 52-week low was Rs 107.20.
The company's trailing 12-month (TTM) EPS was at Rs 13.40 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 9.78. The latest book value of the company is Rs 99.03 per share. At current value, the price-to-book value of the company is 1.32.
READ MORE ON Alstom, Bharat Forge Power, National Thermal Power Corporation, NTPC, Solapur project, TG islands, Bihar State Electricity Board
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