Bharat Heavy Electricals Ltd. (BHEL), a state-owned enterprise, has received a Letter of Award (LoA) from Maharashtra State Power Generation Company Ltd (Mahagenco) for a thermal power project valued at around ₹8,000 crore. The award is for the 2×660 MW Boiler-Turbine-Generator (BTG) package for the Koradi Thermal Power Station, according to BHEL’s filing.
The BTG package encompasses the supply of equipment, installation, commissioning, and civil works for the project. The completion timelines are set for 52 months for Unit-11 and 58 months for Unit-12 from the date of the LoA. BHEL, a central public sector enterprise, continues to strengthen its position, with Mahagenco being a government-owned entity under the Maharashtra state government.
In its financial results for the December quarter, BHEL reported a 170% increase in net profit, reaching ₹124 crore, while revenue grew by 32% to ₹7,277 crore compared to the previous year. The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose 40% to ₹304 crore, and its margins expanded by 30 basis points to 4.2%, up from 3.9% last year, despite a rise in other expenses.
BHEL’s order intake surged by 167% to ₹6,860 crore, while its order book increased by 47% year-on-year, reaching ₹1.6 lakh crore. Bharat Heavy Electricals Limited (BHEL) is a leading Indian public sector enterprise, specializing in power generation equipment and solutions.
With decades of expertise in engineering and manufacturing, BHEL plays a pivotal role in driving India’s energy sector, delivering products and services across thermal, hydro, and renewable energy segments. The company is also a key player in industrial and transportation sectors, offering cutting-edge technologies such as fuel cells and battery energy storage systems. As part of its commitment to sustainability, BHEL has partnered with organizations like ONGC to explore joint projects in new and renewable energy, reinforcing its dedication to supporting India’s energy transition.
