India’s largest private sector enterprise in power utility, Reliance Infrastructure has announced that the company has received engineering, procurement and construction (EPC) contract worth Rs 120-billion for developing 3,960 mw Sasan ultra mega power project (UMPP) of group company Reliance Power.

The Sasan UMPP is among the first of the nine UMPPs planned in the country, which is scheduled to be fully commissioned with an expenditure of over Rs 180 billion.

Reliance Infrastructure and Reliance Power would soon finalize the (BTG) suppliers for the Sasan project.

The company( Reliance Infrastructure) will divulge the financial details of the project by October, this year( 2008).

Shares of Reliance Infrastructure settle at Rs 946, up 4.11 per cent on National Stock Exchange ( 25 June, Wednesday).