Construction Industry News
Bharat Heavy Electricals Limited (BHEL) has announced that it has obtained an order from NTPC, a state-owned company, for the construction of the 2x800 MW Supercritical Thermal Power Project Stage-II in Lara, Chhattisgarh. BHEL provided additional information about this victory of the NTPC order, stating that it includes the "Design, Engineering, Manufacturing, Supply, Construction, Erection, Testing & Commissioning, including Civil & Structural works for the EPC Package". BHEL also mentioned that the scope of the work includes the creation of a steam generator capable of co-firing biomass, a steam turbine, generator and auxiliary equipment, emission control systems, control and instrumentation, as well as balance of installation packages, among other elements.
The company disclosed that it has a timeline to complete unit-1 within 48 months of the zero date, with unit-2 scheduled to run within 52 months of the same zero date.
In a separate filing on August 30, NTPC announced that its board of directors had approved an investment of Rs 155.29 billion for the establishment of the Lara Super Thermal Power Project, Stage-II (2x800 MW).
BHEL's recent order acquisition follows its success in securing a Rs 22.42 billion order from NHPC and a Rs 40 billion order from an Adani Power subsidiary. In addition, BHEL received orders worth Rs 40 billion from Mahan Energen, a subsidiary of the Adani group, for the supply of power generation equipment for their upcoming 2x800 MW project in Bandhaura, Madhya Pradesh.
In addition, the company received an order of Rs 22.41 billion from NHPC Limited, Faridabad on August 25.
In its Q1FY24 results, BHEL reported a broadening of its consolidated net loss to Rs 3.43 billion for the April-June quarter, compared to the same period in the previous year.
