Steamhouse India wins ₹311 cr EPC mandate for 300 TPH steam project in Himachal
AI Summary
Steamhouse India Ltd's recent EPC mandate for a significant power plant project in Himachal Pradesh not only solidifies its position in the growing pharmaceutical sector but also enhances its asset-light business model. This long-term contract provides a stable revenue stream and positions the company to leverage sustainable fuel options, aligning with global trends towards greener energy solutions. Retail investors should consider the potential for growth in Steamhouse's operational capacity and its strategic expansion into new industrial clusters, which could lead to increased market share and profitability in the coming years.
Steamhouse India Ltd has secured a ₹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, the company said.
The mandate also includes commissioning and comprehensive operation and maintenance (O&M) of the facility for 25 years, giving Steamhouse an EPC opportunity, alongside a long-term recurring revenue stream.
Original Article
Published on Hindu BusinessLine
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