Lanco Infratech Ltd on 20 December 2010 announced that it obtained Rs 4100-crore EPC contract from MV Power Ltd which is a subsidiary of Moser Baer Ltd for executing a 2x600 MW thermal power plant in Madhya Pradesh. The project was won by following international competitive bidding process and is expected to be completed within 39 months. The EPC deal covers completion of main plant and balance of plant package including civil and structural works on engineering, procurement and construction basis.
This is the second large external EPC contract that Lanco Infratech secured since April 2010. With the securing of the MV Power Ltd project and the earlier EPC order for 3x660 MW Koradi project of Mahagenco, the EPC order book now stands at Rs 25720 crore.
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