Mumbai: Engineering major Larsen & Toubro expects to bag at least two thermal projects out of the 12 which are likely to come up for bidding over the next one year, a senior company official has said.
"Both centre and state governments are likely to invite bids for at least 12 projects over the next one year with an estimated capacity between 1,300 and 1,500 MW each, which were stalled due to various reasons, we hopes to bag at least two from them," L&T director (power, metals and minerals division) Shailendra Roy told PTI.
"Infrastructure is a prerequisite for economic growth. The government is rightly looking at building infrastructure and this requires building more capacities. We expect nearly 20 power projects to come up for bidding in the next 18 months," he added.
Mr Roy said the Centre and states will not adopt a piecemeal approach for these projects, instead are most likely to be offered as one EPC (engineering, procurement and construction) project to ensure speedy completion.
The company is currently developing a 1,320-MW project for Rajasthan Rajya Vidyut Utpadan Nigam at Chhabra. It is also building 1,200-MW Shree Singaji thermal power plant at Malwa in Madhya Pradesh and a 1,320-MW project near Tanda in Uttar Pradesh.
He said the company will be cautiously bidding for these projects as it already has three major power projects to be executed over the next two to three years.
L&T currently has manufacturing facilities at Hazira near Surat in Gujarat for supercritical boilers, steam turbines, generators, pressure piping, axial fans, air-pre-heaters and electrostatic precipitators.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
