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Tuesday, 5 December 2017

Reliance Infra bags 2 EPC contracts in Bangladesh

Reliance Infrastructure Limited has said that it has won two prestigious EPC contracts in Bangladesh together valued at Rs. 5,000 crore. The projects were won on International Competitive Bidding (ICB). The first EPC contract includes setting up the entire infrastructure of a 750 MW LNG-based combined cycle power plant at Meghnaghat (Dhaka) while the second project is for building a 500 MMSCFD floating storage regasification unit (FSRU) based integrated LNG terminal project at Kutubdia Island, both in Bangladesh.

Both the contracts are to be executed in a project schedule of 24 months, and are to be completed by 2019. The contracts for both the projects entail design, engineering, supply, transportation, erection, testing and commissioning processes. The integrated LNG terminal project works would include setting up jetty and onshore and offshore gas pipelines. Meanwhile, shares of the company were trading at Rs 444.50 apiece, up 0.36 per cent from the previous close at 12:04 hours on BSE. 

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