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Doosan Heavy lands 2.7 tln-won deal to build power plants in India

All Headlines 14:42 December 26, 2016

SEOUL, Dec. 26 (Yonhap) -- Doosan Heavy Industries & Construction Co., South Korea's top power equipment maker, said Monday that it has won an order, potentially worth over 2.7 trillion won (US$2.25 billion), to build two thermal power plants in India.

The company has yet to officially sign the deal but said it has received a written notification naming it the successful bidder.

The deal consists of two separate projects to build four coal-fired power plants, according to the company.

Under the deal, the South Korean firm will build two 660-megawatt power plants at India's Obra-C power station by 2020 and an additional two plants in Jawaharpur by 2021.

With the latest deal from India, Doosan Heavy has won nearly 5 trillion won worth of international orders this year.

Doosan Heavy shares were trading at 28,350 won on the Seoul bourse as of 2:35 p.m., up 1.25 percent from the previous session's close.

Doosan Heavy lands 2.7 tln-won deal to build power plants in India0


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