Bharat Heavy Electricals (BHEL), India's leading power equipment manufacturer, has clinched a substantial order valued at ₹11,800.00 crore, marking a significant milestone for the company. The contract, awarded by Chhattisgarh State Power Generation Company Limited (CSPGCL), involves the construction of a 2x660 MW Supercritical Thermal Power Plant at Hasdeo Thermal Power station in Korba West, Chhattisgarh.

Order Details

BHEL received the Letter of Intent (LOI) on March 27, 2025, for the Engineering, Procurement, and Construction (EPC) package of the power plant. The scope of work includes:

• Supply of supercritical equipment - Boiler, Turbine, Generator, and associated auxiliaries
• Electrical, Control & Instrumentation, and Balance of Plant Packages
• Erection & Commissioning Works
• Civil Works

Project Timeline and Value

The project is set to be completed within 60 months, with commercial operations expected to commence by that deadline. The order value, excluding taxes and duties, stands at approximately ₹11,800.00 crore.

Significance of the Order

This order represents a major boost to BHEL's order book and future revenue prospects. It reinforces the company's position as a key player in India's power sector and demonstrates its capability to handle large-scale, complex projects.

Competitive Edge

The contract was awarded through a Domestic Competitive Bidding process, highlighting BHEL's strong market position and competitiveness in the domestic power equipment manufacturing sector.

Corporate Governance

In line with regulatory requirements, BHEL has confirmed that neither the promoter, promoter group, nor any group companies have any interest in CSPGCL. Additionally, the company has stated that this order does not fall under related party transactions.

This significant order win comes at a crucial time for India's power sector, which is working towards meeting the country's growing energy demands while balancing environmental considerations through the use of supercritical technology.

As BHEL moves forward with this project, industry observers will be keen to see how this massive order impacts the company's financial performance and market position in the coming years.

Bharat Heavy Electricals Limited (BHEL), a leading Indian engineering and manufacturing company, has announced an extension of its Technology Collaboration Agreement (TCA) with Vogt Power International Inc. (VPI), USA, for Heat Recovery Steam Generators (HRSGs). This strategic move aims to bolster BHEL's capabilities in the power generation sector and contribute to India's 'Make in India' initiative.

Key Highlights of the Agreement

• Extended Collaboration: BHEL has renewed its TCA with Vogt Power International Inc., a US-based company specializing in heat recovery systems.
• Focus Area: The agreement specifically covers Heat Recovery Steam Generators, crucial components in combined cycle and cogeneration plants.
• International Partnership: This collaboration reinforces BHEL's commitment to maintaining international standards in its offerings.

Strategic Implications

Technological Advancement

The extension of this TCA is expected to help BHEL keep pace with the latest technological advancements in HRSG design. By leveraging VPI's expertise, BHEL aims to enhance its product offerings and maintain its competitive edge in the market.

Market Competitiveness

With this renewed agreement, BHEL is poised to strengthen its capabilities in catering to businesses related to combined cycle and cogeneration plants. This move is likely to reinforce BHEL's position as a key player in the power generation equipment market.

Support for 'Make in India'

The collaboration aligns with the Indian government's 'Make in India' initiative. By bringing advanced technology to its domestic manufacturing processes, BHEL is contributing to the country's goal of becoming a global manufacturing hub.

Looking Ahead

While the financial terms of the agreement remain undisclosed, the extension of this technology collaboration is a clear indication of BHEL's commitment to innovation and quality in the power generation sector. As the company continues to invest in cutting-edge technologies, it is well-positioned to meet the evolving needs of the energy market both domestically and internationally.

This strategic partnership extension underscores BHEL's proactive approach to staying at the forefront of technological advancements in the power generation industry, potentially opening up new opportunities for growth and expansion in the coming years.