State-run Bharat Heavy Electricals Limited (BHEL) and France's Alstom on Wednesday announced that they had joined hands to bid for the prestigious Rs.14,000 crore Chennai Metro Rail Project.
“We have signed an in-principle agreement with Alstom for the Chennai metro project,” BHEL Chairman and Managing Director, B.P. Rao told reporters here. However, Mr. Rao said the equity participation by both the firms is yet to be finalised. The Chennai Metro Rail Project, which got the Cabinet approval in January, 2009, will cover a total length of over 45 Km, connecting Washermanpet and Chennai Airport and Chennai Fort and St Thomas Mount, with both corridors partially running underground.
Chennai Metro Rail Corporation Limited, a special purpose vehicle owned jointly by the Centre and the Tamil Nadu Government on 50:50 basis, is executing the project. BHEL along with Alstom will bid to provide the necessary machinery for the project.
Mr. Rao said BHEL was engaged in manufacturing equipment for power projects, defence and the auto sector as well. “It currently manufactures equipment that can generate 15,000 MW of electricity, which the company plans to scale up to 20,000 MW by the end of the 2012 fiscal,'' Mr. Rao added.