BHEL shares in focus after Rs 6,500 crore order win from Adani Power
Shares of Bharat Heavy Electricals Limited (BHEL) are likely to be in focus on Monday, June 30, after the company announced that it has secured an order worth Rs 6,500 crore from Adani Power.
ADVERTISEMENT The Letter of Award (LoA) pertains to the supply and commissioning of equipment for six thermal power units of 800 MW each.
'Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) from Adani Power Ltd. (APL) for six (6) thermal units of 800 MW,' the company said in an exchange filing.
In its stock exchange filing, BHEL confirmed that the LoA includes the supply of Steam Turbine Generators along with auxiliaries, as well as the supervision of erection and commissioning of the units. The thermal power units, each of 800 MW, amount to a cumulative capacity of 4,800 MW.
Awarding Entity: Adani Power Limited (domestic entity)
Adani Power Limited (domestic entity) Scope:
Supply of equipment including Steam Turbine Generator and auxiliaries
Supervision of erection & commissioning of 6 thermal units
Order Value: Approx. Rs 6,500 crore (exclusive of GST)
Approx. Rs 6,500 crore (exclusive of GST) Type of Order: Domestic
Domestic Execution Timeline: As per customer's project requirements
The order has been placed by a domestic client and does not fall under related party transactions, nor is there any promoter group interest involved in the awarding entity.
ADVERTISEMENT The award is expected to strengthen BHEL's order book and operational visibility in the thermal equipment manufacturing space. The company mentioned that execution timelines would be in line with the customer's project schedule.BHEL shares, on Friday, closed flat with a negative bias at Rs 264.05 on the BSE.
ADVERTISEMENT Also read: Nifty ready to scale new highs on bullish mood: Analysts
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