New Delhi, March 28
State-run Bharat Heavy Electricals Limited (BHEL) on Friday said it has secured a major contract worth Rs 11,800 crore from the Chhattisgarh State Power Generation Company (CSPGCL).
The company announced in a stock exchange filing that it has received a Letter of Intent (LoI) for the engineering, procurement, and construction (EPC) package of the 2x660 MW Korba West Supercritical Thermal Power Plant (STTP).
“BHEL has received the LOI for an engineering, procurement and construction (EPC) package of two 660 megawatt 'Supercritical' thermal power plants at Hasdeo Thermal Power Station, which is located in the Korba District of Chhattisgarh,” the company said in its exchange filing.
As part of the contract, BHEL will supply advanced supercritical equipment, including boilers, turbines, and generators, along with auxiliary systems.
The company will also handle electrical systems, control and instrumentation (C&I), and balance of plant (BoP) packages.
Additionally, BHEL will be responsible for erection, commissioning, and civil works. “The project is expected to be operational within the next 60 months,” the firm added.
This contract marks another significant order win for BHEL, reinforcing its strong presence in India’s power sector.
Following the announcement, BHEL’s stock surged 2.7 per cent during intra-day session on Friday. The stock has gained over 22 per cent in the past month, recovering strongly after hitting a 52-week low of Rs 176 on March 3.