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Sat, Aug 24, 2013 at 16:54

| Source: Moneycontrol.com
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BHEL, Larsen and Toubro

An Empowered Group of Ministers (EGOM) headed by Defence Minister A K Antony cleared the proposal of tweaking the standard bidding documents for implementing the new Case-II thermal power plants including the 4,000 MW ultra mega power projects (UMPPs).

According to CNBC-TV18, the EGoM has also approved mandatory sourcing of power equipment from domestic manufacturers. It says power equipment will have to be manufactured in India and decision applies to UMPPs and all case-II projects. However, the cabinet may ratify decision and set timelines. The upcoming UMPPs include Orissa and Tamil Nadu.

BHEL and L&T are likely to be major beneficiary of the move.

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