Harbin Air Conditioning Inks USD102 Million Deal With Indian SOE
Xu Wei
/SOURCE : Yicai
Harbin Air Conditioning Inks USD102 Million Deal With Indian SOE

(Yicai Global) March 27 -- Harbin Air Conditioning Co. and India Bharat Heavy Electrics Ltd. signed a purchase contract worth over CNY700 million (USD102 million) for the North Karanpura 3X660MW power plant project, the Chinese company said in a statement.

The state-owned Indian firm is mainly engaged in manufacturing for such industries as power generation and transmission, transport, communications, new energy and oil and gas, the statement said.

The contract, worth around CNY712 million, will have a 29-month delivery period, Harbin Air Conditioning said. The contract's effectiveness has little effect on the company's current performance, but is expected to impact operating results next year and in 2019.

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Keywords: INDIA , POWER , ENERGY , HARBIN AIR CONDITIONING , BHARAT HEAVY ELECTRICS