Rs 2.40 Lakh Crore Order Book: PSU Major Bags Rs 90 Crore Thermal Power Project Contract; Check Details
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BHEL has received a Rs 90 crore Limited Notice to Proceed from Damodar Valley Corporation for advance works on the 800 MW Durgapur supercritical thermal power project.
✨ Key Takeaways
Indian equity benchmarks ended lower on Thursday, with the benchmark Nifty 50 index declining 53.35 points, or 0.23 per cent, to 23,161.60. Amid the broader market weakness, Bharat Heavy Electricals (BHEL) share price ended at Rs 370.65, down 1.76 per cent during the session.
BHEL Receives Limited Notice To Proceed
BHEL has received a Limited Notice to Proceed (LNTP) valued at over Rs 90 crore, excluding GST, from Damodar Valley Corporation (DVC) for the 1x800 MW Durgapur Supercritical Thermal Power Station.
The LNTP enables BHEL to initiate advance engineering activities and place orders for critical long lead items required for the project's main plant package.
BHEL Part Of 800 MW Supercritical Thermal Project
BHEL had earlier emerged as the successful bidder in an International Competitive Bidding (ICB) process conducted by DVC for the Boiler, Turbine and Generator (BTG) package of the 800 MW supercritical thermal power unit.
The Durgapur project represents an additional 800 MW of thermal power generation capacity and forms part of ongoing investments in high-efficiency supercritical power infrastructure.
Scope Of Work Under LNTP
The scope of the LNTP includes advance engineering activities and procurement of essential long lead equipment required for execution of the main plant package.
The company stated that the LNTP is valid for a period of 10 months from the date of issuance. Following the completion of this period, the formal order for supply and execution of the complete BTG package is expected to be awarded to BHEL.
Strengthens Thermal Power Order Pipeline
The development adds to BHEL's order pipeline in the thermal power segment, particularly in the supercritical category where large-capacity units continue to be commissioned by central and state utilities.
The company has been securing orders across the power generation sector as utilities continue investments in thermal, renewable and grid infrastructure projects.
No Related Party Transaction
BHEL clarified that the order does not fall under related party transactions. While the contract originated through an international competitive bidding process, Damodar Valley Corporation is a domestic public sector undertaking.
Both BHEL and DVC operate under government ownership and play significant roles in India's power sector ecosystem.
About BHEL
Established in 1964, Bharat Heavy Electricals Limited is one of India's largest engineering and manufacturing companies serving the power and industrial sectors. The company provides equipment, systems and EPC solutions across thermal, hydro, gas, nuclear and solar power projects.
Apart from power generation equipment, BHEL also serves sectors including transmission, transportation, defence and industrial manufacturing. The company has installed more than 205 GW of power-generating equipment globally and reported revenue from operations of Rs 28,339 crore in FY25.
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Disclaimer: The article is for informational purposes only and not investment advice.