BHEL Wins Rs 66.5 Bn NTPC EPC Order for Odisha Project

11 Nov 2025 CW Team

Bharat Heavy Electricals Ltd (BHEL) has secured an order worth over Rs 66.5 billion from NTPC Ltd for executing an Engineering, Procurement and Construction (EPC) package at the Darlipali Supercritical Thermal Power Project Stage-II in Sundargarh district, Odisha.

The Notification of Award (NoA), issued on 6 November 2025, includes design, engineering, equipment supply, erection, commissioning, and associated civil works for a 1×800 MW supercritical thermal power unit. The completion of facilities (COF) is expected within 48 months from the award date.

BHEL clarified that both NTPC and BHEL are Central Public Sector Enterprises (CPSEs) and the transaction does not qualify as a related-party arrangement.

As India’s leading integrated power-plant equipment manufacturer, BHEL designs, engineers, manufactures, and services systems across the power, transmission, transportation, renewable energy, oil & gas, and defence sectors. The government-owned company’s consolidated net profit surged 253 per cent year-on-year to Rs 3748.9 million in Q2 FY26, on revenue of Rs 7,5118 million. Its shares closed 0.58 per cent higher at Rs 261.45 on the BSE.

Meanwhile, NTPC Green Energy Ltd (NGEL)—NTPC’s renewable arm—reported a 130 per cent jump in quarterly profit to Rs 875.9 million in Q2 FY26, driven by a 21.5 per cent rise in revenue to Rs 6122.9 billion. The stock slipped 0.63 per cent to Rs 324.65 on the BSE.

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