BHEL Secures Rs 118 Bn Order from Chhattisgarh Power Firm
POWER & RENEWABLE ENERGY

BHEL Secures Rs 118 Bn Order from Chhattisgarh Power Firm

The shares of Bharat Heavy Electricals Ltd (BHEL) climbed over 3 per cent on 28 March after the company confirmed receipt of a Letter of Intent (LoI) from Chhattisgarh State Power Generation Company Limited (CSPGCL) for a project valued at Rs 11,800 crore. The shares were trading around Rs 221 apiece.

In a regulatory filing, BHEL stated it had received the LoI for an engineering, procurement and construction (EPC) contract for two 660-megawatt 'Supercritical' thermal power units at the Hasdeo Thermal Power Station, located in Chhattisgarh’s Korba District.

The contract includes the provision of supercritical equipment such as boilers, turbines, generators, and other associated auxiliaries, along with erection, commissioning and related civil works.

Commercial operations at the site, estimated at approximately Rs 11,800 crore excluding taxes and duties, are expected to commence within 60 months.

BHEL shares extended gains for the second straight session, having risen over 5 per cent since the market closed on 26 March. The stock has surged nearly 23 per cent over the past month. However, it has fallen over 21 per cent in the past six months and declined over 11 per cent over the last year.

BHEL stock has rebounded significantly since hitting its 52-week low of Rs 176 on 3 March. However, it remains well below its 52-week high of Rs 335.

The shares of Bharat Heavy Electricals Ltd (BHEL) climbed over 3 per cent on 28 March after the company confirmed receipt of a Letter of Intent (LoI) from Chhattisgarh State Power Generation Company Limited (CSPGCL) for a project valued at Rs 11,800 crore. The shares were trading around Rs 221 apiece. In a regulatory filing, BHEL stated it had received the LoI for an engineering, procurement and construction (EPC) contract for two 660-megawatt 'Supercritical' thermal power units at the Hasdeo Thermal Power Station, located in Chhattisgarh’s Korba District. The contract includes the provision of supercritical equipment such as boilers, turbines, generators, and other associated auxiliaries, along with erection, commissioning and related civil works. Commercial operations at the site, estimated at approximately Rs 11,800 crore excluding taxes and duties, are expected to commence within 60 months. BHEL shares extended gains for the second straight session, having risen over 5 per cent since the market closed on 26 March. The stock has surged nearly 23 per cent over the past month. However, it has fallen over 21 per cent in the past six months and declined over 11 per cent over the last year. BHEL stock has rebounded significantly since hitting its 52-week low of Rs 176 on 3 March. However, it remains well below its 52-week high of Rs 335.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?