Fedders Lloyd bags $18.58 million contract in Nigeria

NEW DELHI: Cooling products maker Fedders Lloyd Corporation (FLC) today said it has won $ 18.58 million (about Rs 103 crore) contract in Nigeria for transmission sub-stations under a World Bank funded project.

"The company has been awarded with a contract of $ 18.58 million by the state-owned Power Holding Company of Nigeria Plc (PHCN) for the rehabilitation and reinforcement of 330/132 KV and 132/33 KV transmission substaions under the World Bank funded Nigeria Electricity and Gas Improvement Project," FLC said in a filing to the BSE.

The contract is for the design, supply and installation of five sub-stations in various provinces of Nigeria on turnkey basis, B R Punj promoted company said.

The project is scheduled to be completed in 24 months, the company said.