BHEL Secures ₹11,800 Crore Order for Thermal Power Project in Chhattisgarh

Bharat Heavy Electricals Limited (BHEL), one of India’s leading engineering and manufacturing companies, has received a significant Letter of Intent (LOI) from Chhattisgarh State Power Generation Company Limited (CSPGCL). The LOI pertains to an Engineering, Procurement, and Construction (EPC) package for a supercritical thermal power project in Korba, Chhattisgarh, valued at approximately ₹11,800 crore.

Share Price Reaction

Following the announcement, BHEL’s share price jumped over 2.5% as of 11:37 AM on March 28, 2025, indicating a positive market reaction to the order win.

Project Scope and Specifications

The project involves the establishment of a 2×660 MW supercritical thermal power plant at Hasdeo Thermal Power Station in Korba West, Chhattisgarh. The scope of the package includes:

• Supply of supercritical equipment such as boilers, turbines, generators, and associated auxiliaries

• Installation of electrical systems, control and instrumentation (C&I)

• Balance of Plant (BoP) packages

• Erection and commissioning works

• Comprehensive civil construction

Domestic Competitive Bidding and Execution Timeline

Awarded through domestic competitive bidding, the project reflects the competitiveness of Indian EPC companies. BHEL is expected to complete the project and commence commercial operations within a 60-month timeframe.

Commercial Terms and Other Details

The order, valued at around ₹11,800 crore (excluding taxes and duties), has been awarded by a domestic entity with no promoter or group company interest involved. Additionally, the contract does not qualify as a related party transaction.

Conclusion

The order marks a notable addition to BHEL’s portfolio in the thermal power sector. It underscores the company’s technical capabilities and its vital role in advancing India’s power infrastructure. The market’s immediate response further reinforces investor confidence in BHEL’s order execution pipeline.

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