Jaiprakash Associates bags orders worth Rs 2,079cr from Bhutan

NEW DELHI: Jaiprakash Associates on Monday said it has bagged two contracts worth Rs 2,079 crore from Bhutan.

The contracts have been awarded by Punatsangchhu-II Hydroelectric Project Authority, Bhutan, the firm said in a regulatory filing.

The orders are related to construction of 990MW Punatsangchhu II Hydro- Electric Project - which is being jointly developed by the Bhutan and Indian governments.

According to the filing, a Rs 1,224 crore- order is for diversion tunnel, dam intake and desilting arrangement, including hydro-mechanical works and highway tunnel.

Another contract is for head race tunnel from "surge shaft end, surge shaft, butterfly valve, chamber, pressure shafts, power house and tailrace tunnel including hydro-mechanical works" worth Rs 855 crore.

Shares of Jaiprakash Associates climbed 1.46 per cent to end the day at Rs 76.40 on the Bombay Stock Exchange.