South Korea's Doosan Heavy Lands to Build Power Plants in India

Doosan Heavy Industries and Construction Co., South Korea's top power equipment maker, said Monday that it has won an order, potentially worth over 2.7 trillion won about (US$2.25 billion), to build two thermal power plants in India.

    The company has yet to officially sign the deal but said it has received a written notification naming it the successful bidder. The deal consists of two separate projects to build four coal-fired power plants, according to the company. 

    Under the deal, the South Korean firm will build two 660-megawatt power plants at India's Obra-C power station by 2020 and an additional two plants in Jawaharpur by 2021.

    With the latest deal from India, Doosan Heavy has won nearly 5 trillion won worth of international orders this year. Doosan Heavy shares were trading at 28,350 won on the Seoul bourse, up 1.25% from the previous session's close.