Bharat Heavy Electricals Ltd (BHEL) has announced a major contract with Adani Power Ltd and its subsidiary Mahan Energen Ltd, valued at over ₹11,000 crore. This deal, disclosed in a filing with the Bombay Stock Exchange (BSE) on Monday, marks a significant development in India’s power sector.
The contract involves the development of three Supercritical Thermal Power projects located in Kawai, Rajasthan, and Mahan, Madhya Pradesh. Each project will feature a capacity of 2×800 megawatts (MW). Under the agreement signed on August 25, BHEL will provide crucial equipment, including boilers, turbines, and generators, and will also manage the erection and commissioning of the power plants utilizing supercritical technology.
The project timelines are set as follows: 49 months for the Kawai Phase-II project, 52 months for the Kawai Phase-III project, and 55 months for the Mahan Phase-III project.
In response to the announcement, BHEL’s shares saw a modest increase, rising by 0.59% to ₹297.90 as of 2:40 pm on Monday, compared to ₹296.15 at the close of trading on Friday. Conversely, Adani Power Ltd’s shares declined by 2.06%, trading at ₹661.95 as of 3:05 pm, down from ₹675.85 on Friday.
In a separate update, BHEL revealed the retirement of K Ravishankar, an executive director responsible for corporate research and development (R&D), who retired on August 24 in Hyderabad.
This substantial contract underscores BHEL’s pivotal role in India’s energy infrastructure and its ongoing collaboration with domestic power sector leaders. BHEL, a state-owned enterprise, continues to serve diverse sectors including industrial systems, e-mobility, renewable energy, and aerospace.
