The 2×800 MW Supercritical Thermal Power Project Stage-II at Lara in Chhattisgarh would be built by the state-owned power producer NTPC, according to Bharat Heavy Electricals Limited (BHEL), which announced this in a regulatory filing on August 30.
The state-run engineering firm that won the NTPC order provided further information about it, stating that it relates to “Design, Engineering, Manufacture, Supply, Construction, Erection, Testing & Commissioning with Civil & Structural works for the EPC Package.”
In addition, according to BHEL, the work order calls for upgrading the Steam Generator’s ability to burn biomass, as well as the Steam Turbine, Generator, and Auxiliaries, Emission Control Systems, Control and Instrumentation, Balance of Plant Packages, and other components.
According to the corporation, unit-1 of the contract must be completed within 48 months of the zero date, and unit-2 must be completed within 52 months of the zero date.
The formation of the Stage-II of the Lara Super Thermal Power Project, with a cost of Rs 15,529.99 crore, has received investment permission from the board of directors of NTPC, according to a separate exchange filing made on August 30.
Days prior to receiving its most recent order, BHEL had received orders worth Rs 2,242 crore from NHPC and Rs 4,000 crore from an Adani Power subsidiary.
Recently, Mahan Energen, a subsidiary of the Adani Group, placed orders worth Rs 4,000 crore with BHEL for the provision of power-generating machinery for its forthcoming 2×800 power project at Bandhaura, Madhya Pradesh. And on August 25, NHPC Limited, Faridabad, placed an order of Rs. 2241.86 crore.
According to BHEL’s Q1FY24 statistics, its consolidated net loss increased from the April-June quarter of last year to Rs 343.89 crore.
On the NSE, BHEL closed at Rs 118.70 at market closing on August 30, up Rs 4.05 or 3.53 percent, while NTPC concluded at Rs 220.40 a share, down Rs 0.70 or 0.32 percent from the previous day’s close.