Mumbai, Nov 2 (IANS) Pune based Alfa Laval India has bagged a Rs.70-crore (Rs.700-million/$14-million) contract to develop a bio-fuel plant in Vietnam, it said Monday

In a regulatory filing, the Indian subsidiary of Sweden’s Alfa Laval group said it has won the order from PetroVietnam group for supply of equipment and engineering solutions for a proposed plant to produce 330,000 litres of ethanol daily.

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‘The order value is Rs.700 million and the plant is expected to go on stream during 2011,’ the company said.

Alfa Laval is a global provider of specialised products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.

The PetroVietnam plant is part of the bio-fuel development programme ratified by the Vietnamese government last year aiming at partial replacement of traditional fuels with alternative fuels and renewable energy.

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