The plants are to be set up at four locations in Telangana - Ramagundam (50 MW), Yellandu (39 MW), Manuguru (30 MW) and Pegadapally (10 MW), on EPC basis.

BHEL is also executing the Steam Generator package at the 2x800 MW Telangana STPP for NTPC in Telangana

The BJP-led NDA continues to shy away from the outright sale of bluechip state firms to the private sector in the present regime

The project would help in reducing fuel consumption and will limit emissions aimed at meeting revised emission norms, notified by the environment ministry.

In the last financial year, the power producer made a profit of Rs 245 crore on a turnover of Rs 3,778 crore.

ONGC will, however, not pay an interim dividend for now as it is left with almost no surplus after accounting for its capital expenditure, sources with knowledge of the development said. ONGC shares closed almost flat at Rs 148.65 on the Bombay Stock Exchange (BSE) today.