Outbidding Alstom India in international competitive bidding, Bharat Heavy Electricals Limited (Bhel) has won a Rs 2,200 crore contract for setting up a Combined Cycle Power Plant in Tripura on turnkey basis.The contract involves supply and commissioning of two fuel-efficient advanced-class frame 9FA gas turbines. The power plant to be installed at Pallatana in Udaipur district of Tripura, has been placed on Bhel by ONGC Tripura Power Company Ltd (OTPCL), a joint venture of ONGC, IL&FS and the Government of Tripura.On commissioning, the project is expected to transform the power scenario of the entire North-Eastern region of the country and act as a catalyst for rapid economic development in the region.
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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