Industry NewsLatest NewsPowerSpotlight

BHEL Secures Two Thermal Plant Orders worth 3,500 Cr. Each

BHEL logo

Bharat Heavy Electrical Ltd. (BHEL) has received two orders, each valued at Rs. 3,500 crore for developing Thermal Power Plants in Raipur, Chattisgarh and Mirzapur, Uttar Pradesh. This information was shared by BHEL in separate stock filings, both dated 5th June 2024.

Moreover, BHEL’s stock on 6th June 2024 was up by 8.85% as compared to the previous trading day.

Adani Power Subsidiary Awards Mirzapur Order to BHEL

BHEL has secured an order to develop Mirzapur Supercritical Thermal Power Plant (TPP) from Mirzapur Thermal Energy (UP) Pvt. Ltd., which is a subsidiary of Adani Power Ltd.

BHEL will be supplying boilers, turbines, and generators for the 1,600 MW (2×800 MW) Mirzapur supercritical thermal power plant. ‘Associated auxiliaries along with control and instrumentation’ will also be supplied by BHEL under this order. Apart from this, BHEL will also supervise the development and commissioning of the plant.

The first of the two 800 MW units is expected to be ready in a period of 35 months (2 years and 11 months), while the second unit will be executed in a period of 41 month (3 years and 5 months).

BHEL to Develop 1,600 MW TPP in Raipur for Adani Power

BHEL will be developing a 1,600 MW (2×800 MW) supercritical thermal power plant in Raipur, Chattisgarh. The company has secured this order from Adani Power, and BHEL’s scope of work in the Raipur TPP is similar to the Mirzapur TPP. The two projects have identical completion periods.

Boilers & Turbines for Projects to be Made in BHEL’s Haridwar & Trichy Factories

Turbines and boilers supplied for these projects will be manufactured by BHEL at its facilities in Trichy and Haridwar. In Trichy BHEL has a High Pressure Boiler Plant and Seamless Steel Tube plant, while in Haridwar the company has a Heavy Electrical Equipment Plant and a Central Foundry Forge Plant.

BHEL’s Stock Grows Post Order Win Announcements

BHEL’s share price stood at Rs. 277.95 apiece on 6th June 2024, which is 8.85% higher than the company’s share price on 5th June 2024, which was Rs. 255.35 apiece. Volume of trades also saw an uptick during this time, increasing to 11,70,87,000 trades on 6th June 2024 against 6,33,62,000 trades on the previous trading day.

This increase in BHEL’s share price marked the stock’s revival after BHEL shares hit a value of Rs. 246.55 apiece on 4th June 2024.

About Bharat Heavy Electricals Limited: Bharat Heavy Electricals Limited, established in 1964, is a power equipment manufacturing company. BHEL offers a wide range of products and services across transmission, oil & gas, transportation, defence & aerospace, Renewable Energy (RE), and other sectors.