BHEL Secures Rs 118 Bn Order from Chhattisgarh Power Firm

31 Mar 2025 CW Team

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.

Infrastructure Transport

17 Sep 2025

Titagarh Rail Systems Launches Third Diving Support Craft for Indian Navy

Titagarh Rail Systems (TRSL) marked another milestone in its shipbuilding journey with the launch of the third indigenously built Diving Support Craft (DSC) for the Indian Navy. The vessel is part of a series of five DSCs being constructed by TRSL under the Ministry of Defence’s Make in India initiative.The launch ceremony was graced by Kangana Berry, wife of Vice Admiral Suraj Berry, AVSM, NM, VSM, Commander-in-Chief, who performed the traditional naming and launch. The vessel was side-launched into the Hooghly River at 16:10 hrs.Diving Support Crafts are catamaran-type vessels designed wit..

Concord Control Systems Secures First Kavach 4.0 Order via Progota India

Concord Control Systems (CNCRD), a leading manufacturer of embedded electronic systems and critical electronic solutions, has secured its first order for Kavach 4.0 through associate company Progota India. Valued at Rs 190.45 million, the order represents the start of large-scale implementation opportunities for advanced railway safety systems in India.With this milestone, Concord will become one of the few railway companies to have a fully developed Kavach system approved for supply to Indian Railways. The next-generation Kavach has successfully advanced through the stringent approval journey..

Awfis Delivers 67,000 sq ft Innovation Hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the country’s first publicly listed workspace solutions platform, has added eBay to its growing list of prestigious global capability centre (GCC) clients. Awfis has designed, built, and will manage a ~67,000 sq ft innovation hub for eBay at Embassy Tech Village, Bengaluru, supporting the e-commerce leader’s AI-first commerce strategy.The new centre will function as a strategic hub, advancing artificial intelligence, engineering, product development, and applied research, while further strengthening eBay’s growth in..