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Flovel Energy Bags ₹115.6 Cr Maithon Hydel Station Renovation Contract from DVC

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Flovel Energy Bags ₹115.6 Cr Maithon Hydel Station Renovation Contract from DVC Technical Evaluation

Key Takeaways

  • ✓ Flovel Energy Private Limited secures ₹115.6 Cr contract from DVC.
  • ✓ Project covers renovation and modernisation of Maithon Hydel Station Unit 1 & 3.
  • ✓ Award follows competitive bidding with two qualified bidders.
  • ✓ B Fouress Private Limited was the other bidder, quoting ₹165.0 Cr.
  • ✓ Contract awarded via EPROCURE platform.
  • ✓ Project located in Dhanbad, Jharkhand.

Flovel Energy Private Limited has been awarded the ₹115.6 crore contract by DVC for the renovation and modernisation of Maithon Hydel Station Unit 1 and 3 in Dhanbad, Jharkhand. The award was finalised after a competitive bidding process involving two qualified bidders.

Damodar Valley Corporation (DVC) has formally awarded the ₹115.6 crore contract for the renovation and modernisation of Maithon Hydel Station Unit 1 and 3 (2 x 20 MW) in Dhanbad, Jharkhand to Flovel Energy Private Limited. The decision was finalised on 1 July 2026, following a competitive e-procurement process.

The tender, valued at ₹115.6 crore, attracted bids from two qualified companies and was processed through the EPROCURE platform. Flovel Energy emerged as the successful bidder, securing the contract for this significant hydel infrastructure upgrade.

The Award

Flovel Energy Private Limited has been awarded the contract by DVC for the renovation and modernisation of Maithon Hydel Station Unit 1 and 3 at a contract value of ₹115.6 crore. The award was made after Flovel Energy was found to be the lowest qualified bidder, with their bid accepted and marked as 'Accepted-AOC' and 'AWARDED'.

Bidders (2)

🏆 Flovel Energy Private Limited ₹115.6 Cr L1 Winner
✗ B Fouress Private Limited ₹165.0 Cr Rejected

About the Project

  • Project involves renovation and modernisation of Maithon Hydel Station Unit 1 and 3 (2 x 20 MW).
  • Located in Dhanbad, Jharkhand.
  • Procurement conducted by DVC via EPROCURE.
  • Aims to upgrade critical hydropower infrastructure.

Why It Matters

This contract will drive the modernisation of a key hydel power station in Jharkhand, supporting regional energy reliability and infrastructure development.

With this award, Flovel Energy Private Limited will lead the upgrade of Maithon Hydel Station, reinforcing DVC's commitment to strengthening Jharkhand's power sector. The competitive tender process highlights the ongoing investment in India's hydropower infrastructure.

Frequently Asked Questions

Who won the Maithon Hydel Station renovation contract from DVC?
Flovel Energy Private Limited was awarded the contract.
What is the contract value for the Maithon Hydel Station renovation project?
The contract value is ₹115.6 crore.
How many bidders participated in the DVC Maithon Hydel Station tender?
Two bidders participated: Flovel Energy Private Limited and B Fouress Private Limited.
Who was the L1 bidder in the DVC Maithon Hydel Station tender?
Flovel Energy Private Limited was the L1 (lowest) bidder.
Who is the buyer/authority for the Maithon Hydel Station renovation project?
The buyer is Damodar Valley Corporation (DVC), Jharkhand.
Where is the Maithon Hydel Station renovation project located?
The project is located in Dhanbad, Jharkhand.
What is the scope of the awarded project?
The project covers renovation and modernisation of Maithon Hydel Station Unit 1 and 3 (2 x 20 MW).

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