SriLanka, Nov. 15 -- Sri Lankan engineering firm Lakdhanavi Limited has secured a US$75 million (approximately Rs. 25 billion) contract to build a 57MW natural gas-fired power plant in India's Andaman and Nicobar Islands, marking a major breakthrough for the country's power engineering industry.

The contract, awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly owned subsidiary of India's state-owned National Thermal Power Corporation (NTPC), will see Lakdhanavi undertake the engineering, procurement and construction (EPC) of the power plant at Hope Town, Port Blair.

Lakdhanavi, a member of Sri Lanka's LTL Group, secured the project through an international competitive bidding process after emerging as the lowest-priced bidder....