BHEL stock up 1% on new order booking
In the past 1 week, the share has lost -3.67%
Bharat Heavy Electricals Limited (BHEL) has won a Rs 2,800-crore order for setting up a 660 MW coal-based thermal power project in Maharashtra.
The company's stock closed 1.06% up at 99.85 on the BSE. In the past 1 week, the share has lost -3.67%.
The project is an expansion project of Maharashtra State Power Generation Company (MAHAGENCO)’s Bhusawal Thermal Power Station (TPS) in Jalgaon district of Maharashtra.
BHEL's scope of work for this brownfield expansion project includes design, engineering, manufacture, supply, construction, erection, testing and commissioning of 1x660 MW supercritical thermal set and civil works, a company statement said.
The 1,420-MW Bhusawal TPS is presently equipped with 2 sets each of 210 MW and 500 MW.
All these sets have been supplied and commissioned by BHEL.
"The key equipment for the contract will be manufactured at BHEL’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants while the company's power sector – western region will be responsible for civil works and
erection and commissioning of the equipment," the statement said.
BHEL has a long standing partnership with MAHAGENCO and has a significant share of 81% in the coal-based power stations installed in the state by the utility.
BHEL is the market leader in both the subcritical as well as the supercritical segments in the country. The company has secured orders for 50 supercritical Steam Generators (SG) and 43 supercritical Steam Turbine Generators (STG), the highest in the country by any power equipment manufacturer. Of these, 15 SGs and 13 STGs have already achieved capacity addition.