L&T, Jaypee Power Ink 4K Crore deal

Bhopal:  Larsen & Toubro has signed an agreement with Jaiprakash Power Ventures for supply of eqiupment for the latter’s Nigrie Super Thermal Power Project in Singrauli, Madhya Pradesh.

As per the deal L&T will supply and construct boiler and steam turbine and generator (STG) islands for a proposed 1,320 megawatt (mw) thermal power project being set up by Jaiprakash Power, the power unit of Jaypee Group.

Jaiprakash Power is slated to invest Rs 8,000 crore in the project, which includes an outlay of about Rs 4,000 crore for boiler turbine and generator (BTG).