Additionally, the company has been awarded a thermal power station project worth Rs 8,000 crore by Maharashtra State Power Generation.
LOI from Rajasthan Part I
The company announced on Sunday that has received an LOI from Rajasthan Part I Power Transmission Limited (SPV under M/s Adani Energy Solutions Limited) for BF800 HVDC Project.
“Letter of Intent is received from Rajasthan Part I Power Transmission Limited, by the consortium of BHEL and Hitachi Energy India Limited (HEIL) to design and execute the High Voltage Direct Current (HVDC) link along with associated AC substations to transmit renewable energy from Bhadla III (Rajasthan) and Fatehpur (Uttar Pradesh) and shall be subject to the Contract to be executed at a later date,” the company said.
The order is for the establishment of 2 Nos. HVDC LCC terminal station of 6000 MW at Bhadla (Rajasthan) and Fatehpur (UP), + 800 kV HVDC LCC terminal station (4X1500 MW) from Bhadla III and Fatehpur along with associated AC substations. The project is set to be completed by 2030.
Order from Mahagenco
BHEL announced on Saturday that it has secured an Rs 8,000 crore order from Maharashtra State Power Generation Company Limited (Mahagenco).
The order is for a 2×660 MW BTG (boiler turbine generator) package for the Koradi Thermal Power Station in Nagpur, Maharashtra. The project includes the supply of equipment, erection, commissioning, and civil works.
BHEL received the Letter of Award (LoA) from MAHAGENCO on February 7, 2025. The project is expected to be completed within 52 to 58 months from the date of the LoA.
BHEL share price analysis
Shares of the company fell 12.11% and underperformed its sector by 113.21% in the past year. Meanwhile, the shares have offered 264.17% returns in the last three years. According to Trendlyne, BHEL has worse 1 year returns than Industry, Sector, Sensex and Nifty50.
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