+
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
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?