LIC India Holds 6.88% Stake: President of India Backed Heavy Electricals Company Wins Orders Worth up to Rs 15,000 Crore from MPPGCL

Bharat Heavy Electricals Limited (BHEL) has secured Notifications of Award from M.P. Power Generating Company Ltd. (MPPGCL) for two supercritical thermal power projects, valued between Rs 13,000 crore and Rs 15,000 crore.

The contracts cover EPC works for the 1x660 MW Amarkantak Unit 6 and the 1x660 MW Satpura Unit 12 in Madhya Pradesh. The scope includes supply of equipment, erection, commissioning, and civil works. Both projects were awarded through an open tender process.

The execution period is 57 months from the date of award. BHEL has confirmed that these contracts do not involve related party transactions and that its promoters have no interest in MPPGCL.

About Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Ltd (BHEL), a leading public sector enterprise under the Ministry of Heavy Industries and Public Enterprises, has been at the forefront of India's power sector for over six decades. With a strong track record in the design, engineering, and manufacturing of a wide range of power generation equipment, BHEL has played a pivotal role in powering the nation's economic growth. BHEL Limited manufactures various power plant equipment.

Results: According to Quarterly Results, the company reported revenue of operation of Rs 5,487 crore, EBITDA of negative Rs 352 crore, Loss before Tax of Rs 607 crore and net loss of Rs 455 crore. In its annual results, the net sales increased by 19 per cent to Rs 28,339 crore and net profit increased by 97 per cent to Rs 513 crore in FY25 compared to FY24.

The company has a market cap of over Rs 83,000 crore. The President of India’s portfolio owns 63.17 per cent and Life Insurance Corporation of India’s portfolio owns 6.88 per cent as of June 2025. The company’s order book stands at Rs 1,96,328 crore as of March 31, 2025.

Disclaimer: The article is for informational purposes only and not investment advice.