Hindustan Construction Co (HCC) today announced that its JV with MAX Group has won a Rs 737 crore contract from Russia for a nuclear power plant in Bangladesh.
The contract includes civil works of Turbine Island for Unit 1 of Rooppur Nuclear Power Plant (NPP).
"HCC, in a joint venture with MAX Group, a construction company in Bangladesh has been awarded USD 110 million (Rs 737 crore) contract by Russia's State Nuclear Company, JSC Atomstroyexport," HCC said in a statement.
HCC's share in the JV is 40 per cent (USD 44 million/Rs 295 crore), the statement said.
The Rooppur NPP will be built with Russian technology and is equipped with two VVER reactors of 1,200 MW each.
These reactors are similar to the Kudankulam NPP in Tamil Nadu.
HCC has become the first Indian company to participate in the international civil nuclear market. We look forward to further project awards in Rooppur NPP and expanding our infrastructure footprint in Bangladesh,"Arjun Dhawan, Director and Group CEO, HCC said in a statement.
Recently, India signed an agreement with Bangladesh for civil nuclear cooperation, under which India has extended expertise and project support for Bangladesh's first NPP.
India not being a member of Nuclear Suppliers Group (NSG) cannot participate directly in the construction of atomic power reactors.
But Indian companies can be involved in construction and installation works and in the supply of equipment of non-critical category.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)