Bharat Heavy Electricals Limited (BHEL), a prominent state-owned engineering and manufacturing enterprise in India, has recently achieved significant milestones by securing substantial contracts aimed at enhancing the nation’s power infrastructure. These developments underscore BHEL’s pivotal role in advancing India’s energy sector.
The Maharashtra State Power Generation Company Limited (Mahagenco) has given BHEL a contract worth about ₹8,000 crore, which is a noteworthy accomplishment. This agreement is for the installation of two 660 megawatt (MW) boiler turbine generator (BTG) packages at the Koradi Thermal Power Station in Maharashtra’s Nagpur district. The scope of work includes all necessary equipment supply, full erection and commissioning services, and related civil works. 52 to 58 months after the date of the Letter of Award, which was given on February 7, 2025, the project is expected to be finished.
A Letter of Intent (LoI) from Rajasthan Part I Power Transmission Limited, a special purpose company under Adani Energy Solutions Limited, has been sent to BHEL in addition to the Mahagenco project. The BF800 High Voltage Direct Current (HVDC) project is the subject of this LoI. The HVDC link and related alternating current (AC) substations must be designed and built by the BHEL and Hitachi Energy India Limited collaboration. The goal of this facility is to transport renewable energy from Fatehpur in Uttar Pradesh and Bhadla III in Rajasthan. By strengthening sustainable energy transmission capacities, the project demonstrates a dedication to incorporating renewable energy sources into the national grid.
These new agreements build on BHEL’s past achievements. The business received orders totaling more than ₹11,000 crore from Adani Power Limited and Mahan Energen Limited in August 2024. Under this arrangement, three supercritical thermal power projects with a combined capacity of two 800 MW each will be developed. The projects are assigned to Madhya Pradesh’s Mahan Phase-III and Rajasthan’s Kawai Phases II and III. BHEL’s duties include supervising the erection and commissioning procedures and providing essential equipment such boilers, turbines, and generators. Kawai Phase-II will be finished in 49 months, Kawai Phase-III will be finished in 52 months, and Mahan Phase-III will be finished in 55 months.
These strategic wins have positively influenced BHEL’s financial performance and market perception. The company’s order book has experienced substantial growth, reflecting its strengthened position in the power sector. Market analysts have noted an uptick in BHEL’s stock value, attributing this rise to the company’s successful acquisition of high-value projects and its expanding role in national infrastructure development.
BHEL’s consistent success in securing large-scale contracts underscores its engineering prowess and its integral role in India’s energy landscape. The company’s focus on delivering comprehensive solutions, from equipment supply to project execution, positions it as a key contributor to the nation’s power generation capacity. As India continues to advance its infrastructure and energy capabilities, BHEL’s contributions remain central to achieving these developmental objectives.