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BHEL Wins 9,500 Cr. EPC Order for NTPC’s Singrauli Super Thermal Power Project

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Bharat Heavy Electricals Limited (BHEL) has secured an EPC order worth over Rs. 9,500 crore for developing third stage of NTPC Ltd.’s Singrauli Super Thermal Power Project at Sonebhadra, Uttar Pradesh. BHEL shared in its stock filing dated 5th March 2024 that the company has secured this order via competitive bidding.

BHEL Sole Bidder for NTPC’s Singrauli Thermal Power Project Tender

In its stock filing dated 4th March 2024, Bharat Heavy Electricals had stated that the company was the only bidder for development of third stage of NTPC’s Singrauli thermal power project. The company will develop two thermal power units of 800 MW each in this order.

First unit of the project is expected to be completed in a period of 50 months (4 years and 2 months) whereas the second unit is expected to be developed in a period of 54 months (4 years and 6 months).

BHEL’s Scope of Work for NTPC’s Thermal Power Project

Sembcorp thermal power plant

BHEL’s scope of work in this project includes supplying and installation of equipment at NTPC’s Singrauli thermal power project. This equipment includes boilers, turbines, generators and related auxiliaries for the aforementioned thermal power units. The company will be responsible for subsequent commissioning of this equipment. Bharat Heavy Electricals will also be executing associated electrical, Control & Instrumentation (C&I) works at Singrauli Thermal Power Plant in this order.

Furthermore, the company will also execute civil and Balance of Plant (BoP) works at NTPC’s Singrauli Super Thermal Power Project.

BHEL Anticipates Continued Order Inflow Growth in Q4 FY-24

BHEL’s order inflow is expected to further grow in Q4 FY-24, exceeding its Q3 FY-24 inflow. The company secured major orders during Q4 of FY-24, including an EPC order worth Rs. 15,000 crore for NLC’s Talabira thermal power project and an order exceeding Rs. 5,500 crore for an 800 MW Ultra Supercritical Thermal Power unit in Haryana’s Yamunanagar.

In its Q3 FY-24 investor presentation, BHEL mentioned that the company recorded an inflow of orders worth Rs. 36,048 crore during the quarter. This “robust” order booking was attributed to “expansion in core sectors of economy, along with demand for defence products”. Further, BHEL’s order inflow during Q3 of FY-23 stood at Rs. 15,232 crore. This reflects a massive Year-over-Year increase of 137% in the company’s Q3 order inflow from FY-23 to FY-24.

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. The company’s portfolio boasts work on Thermal Power projects of over 1,34,000 MW of installed capacity.