Rs 2,19,600 crore order book: Thermal power company Secures Rs 6,650 Crore EPC Contract from NTPC for Darlipali Project

DSIJ Intelligence-2 / 07 Nov 2025/ Categories: Mindshare, Multibaggers, Trending

Rs 2,19,600 crore order book: Thermal power company Secures Rs 6,650 Crore EPC Contract from NTPC for Darlipali Project

The company’s Order Book stands at Rs 2,19,600 crore and the stock is up over 50 per cent from its 52-week low of Rs 176 per share.

Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award (NOA) from NTPC Limited for an Engineering, Procurement, and Construction (EPC) package worth over Rs 6,650 crore. The NOA, dated November 6, 2025, was reported by BHEL on November 7, 2025.

The project involves setting up the 1x800 MW Darlipali Supercritical Thermal Power Project Stage-II, located in the Sundargarh district of Odisha. NTPC Limited, a Government of India enterprise, is the awarding entity. The order value of over Rs 6,650 crore excludes GST.

The EPC contract covers a comprehensive scope of work, including design, engineering, supply of equipment, erection and commissioning, and civil works. The Completion of Facilities (COF) must be achieved within 48 months from the issuance date of the NOA.

The order was awarded through an International Competitive Bidding process, even though both entities — BHEL and NTPC — are Central Public Sector Enterprises (CPSEs). The transaction does not fall within the scope of related party transactions.

This contract further strengthens BHEL’s position in the power sector, adding to its project execution portfolio across India.

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.

The company has a market cap of over Rs 80,000 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 September 2025. The company’s Order Book stands at Rs 2,19,600 crore and the stock is up over 50 per cent from its 52-week low of Rs 176 per share.

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