Shares of Bharat Heavy Electricals Ltd were trading in the green and 2% higher on 26 August after the PSU company received supercritical power orders totalling more than Rs 11,000 crore from Adani Power and its subsidiary. 

The company, in an exchange filing, said, “Bharat Heavy Electricals Limited (BHEL) has signed contract agreement with Adani Power Ltd. and its subsidiary (Mahan Energen Ltd.) for setting up 3 nos. Supercritical Thermal Power projects (each of 2×800 MW rating) in Kawai, Rajasthan & Mahan, Madhya Pradesh.”

The equipment, which includes control and instrumentation, is to be supplied along with a boiler, turbine, generator, and related auxiliaries.

A contract was signed on 25 August 2024 for the supply of boilers, turbines, and generators, along with supervision of erection and commissioning for three power projects, each with a capacity of 2×800 MW, utilising Supercritical Technology. These projects are located at Kawai (Phase-II and Phase-III) in Rajasthan for Adani Power Limited (APL) and Mahan (Phase-III) in Madhya Pradesh for MEL. 

The project timelines are set at 49 months for Kawai Phase-II, 52 months for Kawai Phase-III, and 55 months for Mahan Phase-III. The total value of these orders exceeds ₹11,000 crore, excluding GST.

Earlier in August, Damodar Valley Corporation (DVC) awarded the state-owned enterprise a 1,600 MW project. According to a statement from BHEL, the coal-based facility would be constructed in the Jharkhand region of Koderma using an EPC (engineering, procurement, and construction) approach. 

Bharat Heavy Electricals Ltd is one of India’s biggest engineering and manufacturing firms.
 
At 2:01 pm, the shares of BHEL were trading 0.52% higher at Rs 297.75 on NSE.

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