Reliance Infrastructure set to bag Rs 1,000 crore NPCI Order
NPCI opened bids for the engineering, procurement and construction tenders related to the third and fourth units of 1,000 MW each of the Kudankulam nuclear power project on Tuesday. Reliance Infra was the lowest bidder, beating Larsen & Toubro and Tata Projects, the people said. “We have bid for the project but cannot comment any further till NPCI awards the order,” a Reliance Infra spokesperson told ET.
The projects are scheduled to be completed in 56 months. They entail design, engineering, procurement, manufacture, supply, erection and construction, testing, commissioning, handing over and performance guarantee of common services, systems, structures and components for the plant in Tamil Nadu.
India and the former Soviet Union agreed in 1998 to set up the Kudankulam Nuclear Power Project with six units of 1,000 MW each. So far, two units have been commissioned, one in 2013 and the other in 2016. India is building the third and fourth units. India and Russia signed a pact in June for two nuclear reactors for the fifth and sixth phase of the Kudankulam plant, which is estimated to cost Rs 50,000 crore.
Reliance Infra is focusing more on cash contracts as a part of its strategy to be “asset light”. The company, which has built power and road projects, is looking to scale up it EPC order book, the management said recently.
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