BHEL received an order worth Rs 6,100 crore from NTPC

In India, Bharat Heavy Electricals Limited is the biggest state-owned company in the electrical and industrial technology sector. It is a central public sector enterprise. The Ministry of Heavy Industries serves as the administrative representative of the Indian government, which owns it. BHEL holds the top position in the Indian power equipment industry, having installed over 1,68,000 MW of thermal power plants.

NTPC gave BHEL a project worth Rs. 6100:

NTPC has granted Bharat Heavy Electricals Ltd. a notification of award (NOA) for the 1×800 MW Sipat Supercritical Thermal Power Project Stage-III, valued at Rs 6,100 crore (excluding GST). This news has put the company’s shares in the spotlight today. The order is for EPC work, which includes civil work, equipment supply, erection, and commissioning. According to BHEL, the facilities’ completion date (COF) is probably 48 months from the NOA date.

BHEL’s recent contract:

Construction on three supercritical thermal power projects was agreed upon by BHEL and Mahan Energen, an Adani Power subsidiary, in August. Each project will be situated in Mahan, Madhya Pradesh, and Kawai, Rajasthan, with a capacity of 2,800 megawatts. The total amount in that order, GST excluded, was more than 11,000 crore.

In August, BHEL was able to get an order from Damodar Valley Corporation (DVC) for an EPC project for a 2×800 MW Koderma Supercritical Thermal Power Project. The coal-based project was awarded through International Competitive Bidding (ICB) and was to be established in the Koderma district of Jharkhand.

BHEL supplied, assembled, and commissioned the civil works for the Koderma Supercritical Thermal Power Project. The production plants of BHEL in Haridwar, Trichy, Bengaluru, Hyderabad, Bhopal, and Ranipet will provide the project with the equipment it needs, and the Power Sector—Eastern Region of the company will oversee its on-site execution. The scope also includes extremely effective modern emission control equipment.

Bharat Heavy Electricals Ltd.’s stock price has risen by 2% during the day:

After acquiring the project from NTPC for Rs. 6100 crore, Bharat Heavy Electricals Ltd. (BHEL) is currently trading at Rs. 271.45 per share, 2% higher than its peak traded price of Rs. 274.00 per share.

Everything about NTPC Limited:

Including joint ventures, NTPC has an installed capacity of 76,294 MW, making it the largest power utility in India. NTPC was established in 1975 and plans to grow to be India’s largest integrated power company by 2032, with a 130 GW capacity.

NTPC’s main business of establishing power projects and producing electricity is seamlessly integrated with its extensive rehabilitation and resettlement policies, as well as its corporate social responsibility. NTPC is committed to providing stable power at affordable prices while maintaining a sustainable environmental footprint. This is accomplished by optimizing the use of diverse energy sources through the application of state-of-the-art environmentally friendly technologies, contributing to the economic expansion and social progress of the country.

NTPC Ltd. is up 1% as of right now:

At present, the share price of NTPC is trading at Rs. 426.80, indicating a nearly 1% increase from its peak trading price of Rs. 430.50.

Conclusion: As a result of the Rs. 6100 crore project that NTPC gave BHEL, the company’s finances will improve and its stock will rise as a result of recent contracts.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.