BHEL, a state-owned engineering giant, announced its latest triumph, revealing a substantial contract acquisition from NTPC, a prominent player in the power industry. This lucrative deal entails the establishment of the Singrauli thermal power project (Stage-II), boasting a formidable capacity of 1,600 MW.
Bharat Heavy Electricals Limited (BHEL) is an Indian public sector engineering and manufacturing company. Established in 1964, BHEL is one of the largest engineering and manufacturing companies in India, specializing in power plant equipment, electrical machines, transformers, and more. BHEL has played a significant role in the development of the power sector in India and has contributed to various projects both domestically and internationally.
National Thermal Power Corporation Limited (NTPC) is an Indian public sector undertaking engaged in the generation and distribution of electricity. Founded in 1975, NTPC is one of the largest power companies in India, with a significant presence in the power generation sector. NTPC is known for its focus on sustainability and renewable energy projects, making it a key player in India’s energy transition.
Valued at an impressive over Rs 9,500 crore excluding GST, the project involves the construction of the Singrauli Super Thermal Power Project, Stage-III (2×800 MW) in Sonebhadra District, Uttar Pradesh. BHEL is geared up to tackle this endeavor with the aim to complete Unit 1 within a span of 50 months, followed by Unit 2 in 54 months. The project’s scope is comprehensive, encompassing equipment procurement, erection, commissioning, and civil works.
Despite emerging as the sole bidder, BHEL has made it clear to the Bombay Stock Exchange (BSE) that it duly participated in the competitive bidding process, submitting a price bid on December 21, 2023, as part of its routine business operations. The company underscores that participation in bidding does not equate to automatic order acquisition, thereby obviating the necessity for disclosure under Regulation 30 of the SEBI Listing Regulations, 2015.
