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Corporate
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New Business
Indu Projects bags contract
Hyderabad, Feb. 7
Indu Projects Ltd (IPL), the Hyderabad-based
infrastructure and real estate developer, has bagged
the Rs 505-crore contract of Maharashtra's power
generation company Mahagenco's 2 X 500 MW
Bhusawal Thermal Power Station plant project in
Bhusawal (District Jalgaon), Maharashtra. Indu Projects
has been sub-contracted by Tata Projects Ltd for balance
of plant works in connection with the expansion of the 2
x 500 MW Bhusawal Thermal Power Station. The
company commenced work in December 2007. The first
unit of the project is expected to be completed in June
2010 and the second unit in October 2010, according to a
company press release. The scheduled completion period
of the project contract is 34 months. - Our Bureau
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