Shares of Bharat Heavy Electricals Ltd (BHEL) jumped nearly 3% in early trade after the company announced a significant order win from Adani Power Ltd (APL). As of 9:15 AM, the shares were trading 2.25 % higher at Rs 270.05.
BHEL has received a Letter of Award (LoA) from APL for supplying and supervising equipment for six thermal power units of 800 MW each. The contract, valued at approximately ₹6,500 crore (excluding GST), includes the supply of Steam Turbine Generator (STG) sets and related auxiliaries, along with supervision during erection and commissioning.
This is a domestic order and marks another major addition to BHEL’s portfolio. The execution will be based on Adani Power’s specific project timelines.
Importantly, BHEL clarified that this deal is not a related party transaction, and there is no promoter or group interest in Adani Power. While the company has not disclosed a fixed execution timeline, it confirmed that the project will move forward as per Adani’s schedule.
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