State-owned Bharat Heavy Electricals Ltd (BHEL) has secured a prestigious Letter of Intent (LoI) from Damodar Valley Corporation (DVC) for the Steam Generator Island Package of the 2×660 MW Raghunathpur Thermal Power Station Phase-II project in Purulia, West Bengal.
This high-value contract, worth approximately ₹6,200 crore (excluding taxes and duties), was awarded through international competitive bidding, further cementing BHEL’s position as a dominant force in the power sector.
The contract encompasses the supply, erection, testing, and commissioning of key components, including:
The project execution timeline is set at 48 months for the first unit and 52 months for the second unit, underlining BHEL’s commitment to timely delivery and engineering excellence.
BHEL’s net profit surged 170% year-on-year to ₹124 crore, while revenue soared 32% to ₹7,277 crore in the quarter ending December 2024.
The company’s EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) rose 40% to ₹304 crore, with EBITDA margins expanding 30 basis points to 4.2% from 3.9% last year. However, this margin expansion was tempered by a sharp rise in other expenses.
At 3:23 PM on February 12, 2025, BHEL Ltd. shares traded at ₹198.36 per share on the NSE.
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Published on: Feb 12, 2025, 5:05 PM IST
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