From The Economic Times · PTI · · 1m 40s
Steamhouse India Wins Rs 311 Crore EPC Mandate
Steamhouse India secures Rs 311 crore EPC mandate for 300 TPH steam project in Himachal Pradesh.
In brief
Steamhouse India secures Rs 311 crore EPC mandate for 300 TPH steam project in Himachal Pradesh. Steamhouse India won a Rs 311 crore engineering, procurement and construction mandate for a 300 TPH steam plant in Himachal Pradesh, including 25 years of operation and maintenance. Originally reported by The Economic…
Steamhouse India Wins Rs 311 Crore EPC Mandate
Steamhouse India Ltd has secured a Rs 311 crore engineering, procurement and construction (EPC) mandate for a 300 tonnes per hour (TPH) common steam and co-generation power plant at the Bulk Drug Park in Una, Himachal Pradesh.
25-Year O&M Contract Included
The mandate also includes commissioning and comprehensive operation and maintenance (O&M) of the facility for 25 years, giving Steamhouse an EPC opportunity and long-term recurring revenue.
Project Scope
The project comprises a 300 TPH steam plant, an associated steam distribution network, and an indicative 30 MW co-generation facility for Himachal Pradesh Bulk Drug Park Infrastructure Ltd.
EPC Value and Funding
The Rs 311 crore EPC contract value is inclusive of GST and will be fully funded by Himachal Pradesh Bulk Drug Park Infrastructure Ltd, limiting Steamhouse's working capital requirements.
Project Timeline
The EPC phase is expected to take 24 months, followed by a 25-year O&M period, subject to approvals and site readiness.
Commercial Framework
The project uses a structured commercial framework based on actual operating costs, permissible markup, and recovery of the operating expenditure gap funding (OGF).
Expansion Strategy
Steamhouse's Una project expands its capacity from 345 TPH to 1,005 TPH, strengthening its presence in industrial clusters across India.
The headline
Steamhouse India won a Rs 311 crore engineering, procurement and construction mandate for a 300 TPH steam plant in Himachal Pradesh, including 25 years of operation and maintenance.
