Construction Industry News
An initiative by the government to support the domestic industry by way of a bulk order from state-owned NTPC, is also fraught with delays. The tender said only those companies having domestic manufacturing facilities could participate. The order for 11 sets of
660 megawatts (Mw) was initiated in October 2009, but there has been very slow progress due to litigation. While turbine and generator sets have been awarded, the contract for boilers is yet to be. “Though the long-term demand outlook is good, in the last six months not many projects have been financially closed due to a number of uncertainties and this is likely to continue," said Sabyasachi Majumdar, vice-president at rating agency Icra.
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