Rs 75,916 Crore Order Book: PSU Major Bags Rs 2,000–2,500 Crore International Order From Dangote Refinery

On Thursday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.10 per cent to 23,428.30. Amid the positive market sentiment, Bharat Heavy Electricals (BHEL) share price traded at Rs 406.65, up 0.09 per cent from the previous close. The stock remained in focus after the company secured a major international contract from Nigeria-based Dangote Petroleum Refinery & Petrochemicals.

BHEL Secures Major Overseas Contract

Bharat Heavy Electricals Limited informed the stock exchanges that it has signed a contract agreement with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise, Nigeria.

The contract, valued between Rs 2,000 crore and Rs 2,500 crore, was awarded through an international competitive bidding process and pertains to the supply of eight gas turbine generator packages.

The order represents a significant addition to BHEL's international project portfolio and strengthens its presence in the global energy and industrial infrastructure sector.

Scope Includes Gas Turbine Generator Packages

Under the agreement, BHEL will undertake the design, engineering, manufacturing and supply of eight gas turbine generator packages for Dangote's petroleum refinery and polypropylene plant located in the Dangote Industries Free Zone, Nigeria.

The company will be responsible for supplying the equipment up to Mumbai Port. The scope of work also includes supervision of erection and commissioning activities, along with performance guarantee testing of the installed systems. BHEL clarified that civil works are not part of the contract scope.

BHEL Project To Be Executed Over 26 Months

According to the filing, the project is scheduled to be completed within 26 months from the effective date of the contract.

The order supports the expansion of one of Africa's largest refining and petrochemical complexes and further enhances BHEL's credentials in executing large-scale power generation packages for industrial projects outside India.

BHEL Strengthening Global Footprint

The latest order marks another milestone in BHEL's international business operations. The company has supplied equipment and executed projects across multiple geographies and continues to expand its footprint in overseas markets.

The contract also reinforces BHEL's capabilities in the gas turbine generator segment, a key area within the company's diversified power equipment portfolio.

Bharat Heavy Electricals Clarifies Transaction Details

BHEL stated that neither its promoter, promoter group nor group companies have any interest in the awarding entity. The company further clarified that the transaction does not qualify as a related party transaction under applicable regulations.

About Bharat Heavy Electricals

Bharat Heavy Electricals Ltd (BHEL), incorporated in 1964, is India's largest engineering and manufacturing enterprise in the capital goods sector. The Government of India holds a 63.17 per cent stake in the company.

BHEL operates across power and industrial segments, providing equipment, systems and EPC solutions for thermal, hydro, gas, nuclear and solar power projects, along with transportation, transmission, defence, aerospace and oil & gas sectors. The company has 16 manufacturing facilities across India and an export presence spanning 91 countries.

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