Doosan Heavy Industries & Construction Co., South Korea’s leading power equipment maker, said Friday that it has won a 100 billion won (US$ 90 million) deal to supply power plant equipment to Siemens AG of Germany.
Under the deal, Doosan Heavy will provide three heat recovery steam generators by the end of 2013, the company said in a statement.
The equipment will be used at a power plant to be built in India, Doosan Heavy said.
“The contract shows international confidence in our capabilities,” the company said. “We will step up efforts to obtain more contracts from India.”
Doosan Heavy is expected to win more contracts from India as the country is actively building cogeneration power plants.
Cogeneration refers to the simultaneous production of heat and power.
Shares of Doosan Heavy were trading at 89,800 won on the Seoul bourse as of 10:50 a.m., down 0.22 percent. (PNA/Yonhap)