BHEL bags contract from NTPC for supercritical thermal power plant
The contract is for the establishment of the main plant package of the 3X800 MW Telangana Stage-II supercritical thermal power plant.
BHEL bags contract from NTPC for supercritical thermal power plant
Defense PSU Bharat Heavy Electricals Ltd. (BHEL) has emerged as the successful bidder for a major contract from another state-run player, NTPC Ltd, it said in an exchange filing on Tuesday, November 12. The contract is for the establishment of the main plant package of the 3X800 MW Telangana Stage-II supercritical thermal power plant.
Under the contract, BHEL's scope of work includes design, engineering, manufacturing, supply, erection, commissioning, and civil construction. BHEL has received a Limited Notice to Proceed (LNTP) from NTPC to initiate the basic engineering work of the main plant package for this supercritical thermal power plant.
Until this order win, BHEL had contributed to over 57% of NTPC's thermal power installations across the country. BHEL has 1,68,000 MW of utility power capacity installed across the country.
Read Also : WCL pays Rs 249.86 crore interim dividend to Coal India
The Shares of BHEL have recovered from the lows of the day and are currently trading 0.5% lower at Rs 237.91. The stock is up 20% so far in 2024. The stock has corrected 29% from its peak of Rs 335.
Read Also : GAIL signs 10 year agreement with ADNOC GasNews Must Read
- GAIL signs 10 year agreement with ADNOC Gas
- Hindustan Aeronautics Q2 Results: Net profit increases by 22%, revenue jumps 6%
- NBCC Q2 results, Net Profit rises 53% to Rs 122 Crore
- NBCC Appoints Anjeev Kumar Jain as New CFO
- NALCO shares gains over 4% with strong Q2 results, PSU stock declares dividend
- NALCO Q2 FY25 results: Net Profit zooms, announced dividend
- MRPL Receives Special Award at Energy Technology Meet
- GRSE announced Q2 & H1 FY25 Results
- DBS Bank India CEO To Retire
- SBI, HDFC Bank and ICICI continue as RBI's Systemically Important Banks