Rs.1 lakh-crore orders soon for power, mining equipment

The power and coal sectors will shortly issue orders worth over Rs 1 lakh crore for various projects, including four new giant power projects, according to Piyush Goyal, Union Minister of Coal, Power and Renewable Energy. The orders will also include mining operations and energy efficiency equipment. This will be a big boost for equipment suppliers and other companies that have been starved of orders due to the economic slowdown. ´NTPC is going to double its generation capacity, little more than double. Energy Efficiency Service Ltd is going to buy at least Rs 10,000 crore of energy efficiency equipment, all made in India. (At) Coal India, we need equipment, to ramp up production. It´s going to do a lot of ordering. I´m going to order wagons, worth Rs 5,000 crore. Then the stalled projects, hydel projects. Transmission is the biggest of them all, about Rs 40,000 crore,´ Goyal said.