New Delhi: State-owned engineering company Bharat Heavy Electricals Limited (BHEL) has approved a further equity investment of ₹65 crore in NTPC BHEL Power Projects Private Limited (NBPPL), its joint venture with NTPC Limited.
The decision was approved by BHEL’s Board of Directors at its meeting held on September 14, 2026, according to the company’s exchange filing.
BHEL Approves ₹65 Crore Equity Investment in NBPPL
The BHEL Board has approved an additional investment of ₹65 crore, which will be made in one or more tranches as BHEL’s equity contribution to NBPPL.
Key details of the investment include:
- Investment amount: ₹65 crore
- Investing company: BHEL
- Joint venture: NTPC BHEL Power Projects Private Limited
- JV partner: NTPC Limited
- Shareholding: 50:50 between BHEL and NTPC
- Investment mode: Equity contribution in one or more tranches
- Board approval date: September 14, 2026
BHEL stated that its 50 per cent shareholding in the joint venture will be maintained following the additional investment.
Read also: BHEL Set for Major Leadership Transition as CMD and Two Directors Retire by February 2027
NBPPL Focuses on Power Plant EPC and Equipment Manufacturing
NTPC BHEL Power Projects Private Limited was incorporated in April 2008 as a joint venture between BHEL and NTPC.
The primary objective of the joint venture is to undertake Engineering, Procurement and Construction (EPC) contracts for power plants and other infrastructure projects.
NBPPL is also engaged in the manufacturing and supply of power plant equipment in India and overseas markets.
The joint venture combines BHEL’s engineering and equipment manufacturing capabilities with NTPC’s expertise in power generation and project development.
BHEL and NTPC Hold Equal Stake in Joint Venture
NBPPL operates as a 50:50 joint venture between BHEL and NTPC Limited.
The additional equity contribution by BHEL will be made while retaining its existing 50 per cent ownership in the company.
The investment is expected to support NBPPL’s business activities and its role in executing power and infrastructure projects.
NBPPL Reports Declining Turnover in Recent Years
According to the information disclosed by BHEL, NBPPL recorded the following turnover figures:
- FY 2025-26: ₹1.04 crore (provisional)
- FY 2024-25: ₹3.48 crore
- FY 2023-24: ₹18.19 crore
The additional equity investment comes as the joint venture continues to operate in the power plant EPC and equipment manufacturing segment.
BHEL Strengthens Commitment to Power Sector Projects
The additional investment in NBPPL reinforces BHEL’s continued involvement in India’s power infrastructure and project execution ecosystem.
Through its partnership with NTPC, BHEL is positioned to participate in power plant EPC activities and the manufacturing and supply of equipment for projects in India and international markets.
About BHEL
Bharat Heavy Electricals Limited (BHEL) is a Maharatna public sector engineering and manufacturing company under the Ministry of Heavy Industries. BHEL is one of India’s major suppliers of equipment and engineering solutions for the power sector and also serves industries such as transportation, defence, oil and gas and infrastructure.
About NTPC Limited
NTPC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power and India’s largest integrated power utility. The company is engaged in power generation and has expanded its presence across renewable energy and other areas of the energy value chain.
Read also: BHEL Dividend to Government Rises 2.5 Times to ₹283.56 Crore in FY26 Amid Strong Business Growth
