BHEL wins Rs 21,000 Cr order from MUNPL for Meja STPP
Bharat Heavy Electricals received a Notification of Award from Meja Urja Nigam Private Ltd for the 3x800 MW Meja supercritical thermal power project Stage-II. The EPC contract, valued over Rs 21,000 Cr excluding GST, involves design through commissioning work and must be completed within 70 months.

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Bharat Heavy Electricals Limited has secured a major engineering, procurement, and construction (EPC) contract valued over Rs 21,000 Cr from Meja Urja Nigam Private Ltd (MUNPL). The order involves the execution of a 3x800 MW supercritical thermal power project at Meja in Prayagraj, Uttar Pradesh. This contract win significantly strengthens the company's order book in the power sector infrastructure domain.
Order Details
The Notification of Award (NOA) was received on June 4, 2026. The project scope encompasses design, engineering, manufacturing, supply, construction, erection, testing, and commissioning works. MUNPL is a domestic entity and a joint venture between NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL). The contract was secured through International Competitive Bidding.
| Parameter | Details |
|---|---|
| Client | Meja Urja Nigam Private Ltd (MUNPL) |
| Project | 3x800 MW Meja STPP Stage-II |
| Location | Prayagraj, Uttar Pradesh |
| Order Value | Over Rs 21,000 Cr excl. GST |
| Completion Timeline | 70 months from NOA date |
| Nature of Order | EPC Package |
The company is required to complete the facilities within 70 months from the date of the Notification of Award. BHEL serves as the executing agency for this project, and the transaction does not fall within related party transactions.
Historical Stock Returns for Bharat Heavy Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.58% | -8.38% | +2.63% | +40.33% | +52.49% | +423.61% |
How will this Rs 21,000 Cr order impact BHEL's revenue visibility and financial performance over the next 70 months?
What are the potential challenges BHEL might face in meeting the 70-month completion timeline for the supercritical thermal project?
Could this contract win signal a resurgence in thermal power capacity additions within India's energy mix?


































