Steamhouse India Secures ₹311 Crore EPC Contract for HP Bulk Drug Park
Steamhouse India Limited secured an EPC contract worth ₹311 crore for a Common Steam Plant and Co-generation Power Plant in Himachal Pradesh. The project includes a 300 TPH steam plant and 30 MW power capacity, with a 24-month EPC completion and a 25-year O&M period. This expands the company's operational platform.
The contract value of ₹311 crore and the long-term O&M opportunity, along with the strategic expansion to a new region and significant increase in steam generation capacity, represent a material positive impact on the company's business.
The announcement details the award of a significant EPC contract, which is a positive development for the company's business expansion and revenue potential.
Steamhouse India Limited has been awarded a significant Engineering, Procurement, and Construction (EPC), commissioning, and Operation & Maintenance (O&M) contract for a Common Steam Plant and Co-generation Power Plant at the Bulk Drug Park in Una, Himachal Pradesh. The contract is valued at ₹311 crore, inclusive of GST.
The project involves a 300 TPH Steam Plant with an indicative co-generation power capacity of 30 MW, along with a steam distribution network. The EPC phase is expected to be completed within 24 months from the commencement date, followed by a 25-year O&M period. The consideration will be based on the project's commercial framework, which includes operating costs, markup, and Opex Gap funding. The project also features an initial subsidized period followed by a revenue-sharing mechanism from April 2032 to March 2052.
This award marks a strategic expansion for Steamhouse India, extending its steam generation and distribution platform beyond Gujarat to Himachal Pradesh. It is expected to add 300 TPH of steam capacity to the company's operating platform, potentially increasing its total capacity to approximately 1,005 TPH upon completion of all projects, including those currently under construction. The funding for the project cost will be managed by Himachal Pradesh Bulk Drug Park Infrastructure Limited.
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Steamhouse India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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