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Jyoti Structures Bags Rs.5.51billion Contract For Solar CSP Power Plant

Last month Shriram EPC Ltd has tied up with an Israeli company for executing a Rs 640-crore order from Abhijeet Projects Ltd for providing ‘engineering, procurement, construction’ services for Abhijeet’s 50-MW solar thermal power plant at Jaisalmer, Rajasthan.

Abhijeet Projects is the special purpose vehicle of Corporate Ispat and Alloys Ltd, which won the 50 MW project through the bidding process under the Jawaharlal Nehru National Solar Mission.

Jyoti Structures Ltd. said its joint venture company had bagged a contract for Rs.551 crore from Godawari Green Energy Ltd. to set up a 50-MW solar thermal power plant in Jaisalmer district of Rajasthan on turnkey basis. The power plant will feed power to the state grid by May 2013.

The company formed a joint venture with Lauren Engineers and Constructors Inc. Pursuant to this, the company on Wednesday has acquired a 50 percent equity stake in Lauren Engineers and Constructions India Pvt. Ltd., a wholly-owned subsidiary of Lauren US. The JV is being re-named as ‘Lauren Jyoti Pvt. Ltd.’

Lauren US is an EPC contracting company having more than 30 years experience in setting up projects in the power generation and oil and gas sector in the US and Canada. The main object of the JV company is to secure similar business.

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