New Delhi, June 21 : Infrastructure firm Lanco Infratech Limited (LITL) Tuesday said it has bagged an order worth Rs. 365.28 crore ($81.33 million) for a power plant in Iraq, its first international engineering, procurement and construction order.
The scope of the work includes complete engineering, procurement and construction of an open cycle gas-based thermal power plant with two frame gas turbine generator sets supplied by General Electric International.
The project is scheduled to be completed in 16 months for which a dedicated project team has already been identified and put in place.
"This is a major milestone for us as it is in line with our strategy to win external contracts," LITL executive chairman L. Madhusudhan Rao said in a statement.
"In the times to come, we will be putting more impetus on external contracts which will create benchmarks in the sector," he added.
At the Bombay Stock Exchange, the shares of the company were up 0.90 percent to trade at Rs. 27.95.(IANS)
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