Power equipment major Bharat Heavy Electricals Limited (BHEL) has informed that it has won Rs 1,150 crore turnkey contract for setting up a 153 MW power plant at the upcoming Guru Gobind Singh Refinery in Bhatinda, Punjab. The prestigious order has been placed by HMEL, a joint venture of HPCL and Mittal Energy Ltd.

BHEL's scope of work in the project envisages design, engineering, manufacture, supply, erection and commissioning of the captive power plant, in addition to complete civil works.

The equipment for the project will be supplied by BHEL's plants at Hyderabad, Trichy, Ranipet, Bhopal, Jhansi and Electronics Division, Bangalore.

The gas turbine-based combined cycle power plant is to be commissioned in 30 months

The New Delhi-based PSU posted fourth-quarter net profit of Rs 1,110.90 crores, down 3% from Rs 1,150.40 crores in the fourth-quarter of 2007.

The company said the profit for the quarter was also impacted due to surge in raw material cost, including steel.