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.

 

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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.

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