NTPC Ltd plans to float a tender to supply super critical equipment valued at $4.2 billion (around Rs19,200 crore) in a move that should bring some cheer to power equipment makers, but only those who manufacture in India because that will be a condition in the tender.
The earlier tender had specified that the winner would have to set up factories in India to develop the local power generation equipment manufacturing industry. It also guaranteed state-owned Bharat Heavy Electricals Ltd (Bhel) an assured order. The tender stated that the lowest bidder for boilers would be given an order for six units. If Bhel was not the lowest bidder, the government would award it the order for the remaining five units, provided it agreed to match the lowest bid, said that tender
more at:
http://www.livemint.com/2010/05/17235622/NTPC-to-float-new-order-for-4.html?h=A1
Monday, May 17, 2010
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