Bharat Heavy Electricals Limited (BHEL) has clinched a major contract worth Rs 13,300 crore to establish a 1,600 MW thermal power plant in Koderma, Jharkhand. This project, commissioned by the Damodar Valley Corporation (DVC), is a significant step towards enhancing India’s energy infrastructure and ensuring energy security.
The awarded contract encompasses the engineering, procurement, and construction (EPC) of the Koderma Thermal Power Station, which will consist of two units, each with a capacity of 800 MW. This project aligns with the central government’s strategic objectives to boost the nation’s power generation capabilities and reduce energy deficits.
The investment in the Koderma thermal power project is expected to have a substantial impact on the local economy. It will create numerous job opportunities during the construction and operational phases, fostering economic growth in the region. Additionally, the project aims to benefit the local community by providing reliable energy, which is crucial for industrial and domestic use.
By 2030, the completion of this project will increase DVC’s installed thermal generation capacity to 8,140 MW. This expansion is vital for meeting the rising demand for electricity in India, supporting industrial development, and improving the quality of life for millions of people.
BHEL, a state-owned engineering and manufacturing company headquartered in New Delhi, is renowned for its extensive experience in power generation equipment. Established in 1964, BHEL is India’s largest manufacturer of power generation equipment and has played a pivotal role in the development of the country’s energy sector.
The company’s expertise spans across various sectors, including power, transmission, industry, transportation, renewable energy, oil and gas, and defense. BHEL is committed to delivering high-quality engineering solutions and services, ensuring the successful execution of large-scale projects.
Following the announcement of this significant order, BHEL‘s shares surged by approximately 3.61%, reflecting investor confidence in the company’s ability to deliver on such a substantial project. The successful execution of the Koderma project is expected to further solidify BHEL’s position as a leader in the power sector.
