BHEL emerges successful bidder for supercritical thermal power plant by NTPC

State-run 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 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.

BHEL announced this order win soon after Larsen & Toubro had announced that L&T Energy CarbonLite Solutions secured orders from NTPC, confirming a CNBC-TV18 newsbreak from October.

L&T's order win is for 2X800 MW stage-II thermal power plant in Madhya Pradesh and 3x800 MW Stage-II thermal power plant in Bihar.

Shares of BHEL have recovered from the lows of the day and are currently trading 0.5% lower at ₹237.91. The stock is up 20% so far in 2024. The stock has corrected 29% from its peak of ₹335.