New Delhi: Bharat Heavy Electricals Limited (BHEL) has secured major contracts worth an estimated ₹20,000 crore to ₹28,000 crore from Adani Power Limited for four ultra-supercritical thermal power projects. Each project will have an installed capacity of 2×800 MW, taking the total planned capacity across the four projects to 6,400 MW.
According to BHEL’s regulatory filing to the stock exchanges, the contracts cover the supply of boilers, turbines, generators, associated auxiliaries and agreed services. Each contract is valued at approximately ₹5,000 crore to ₹7,000 crore, excluding Goods and Services Tax (GST).
The orders represent a significant addition to BHEL’s project pipeline and strengthen its position in India’s thermal power equipment manufacturing segment.
BHEL Secures Four 2×800 MW Thermal Power Project Orders
The contracts awarded by Adani Power cover four domestic thermal power projects, each comprising two units of 800 MW capacity. These projects will use ultra-supercritical technology, which is designed to deliver higher operational efficiency compared with conventional subcritical thermal power units.
Under the agreements, BHEL will supply key power generation equipment, including:
- Boilers: Supply of boilers for the four thermal power projects.
- Turbines: Supply of steam turbines required for power generation.
- Generators: Supply of generators for the proposed units.
- Auxiliaries: Associated auxiliary equipment required for plant operations.
- Services: Agreed services related to the installations.
The execution of the contracts will be carried out according to the project schedules provided by Adani Power. Specific completion dates and project locations have not been disclosed in the announcement.
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BHEL- Adani Power Contracts: Key Details
The major details of the contracts are as follows:
- Awarding Company: Adani Power Limited
- Contract Recipient: Bharat Heavy Electricals Limited (BHEL)
- Number of Projects: Four
- Capacity of Each Project: 2×800 MW
- Total Planned Capacity: 6,400 MW
- Scope of Work: Boilers, turbines, generators, auxiliaries and agreed services
- Value per Project: ₹5,000 crore to ₹7,000 crore, excluding GST
- Estimated Total Order Value: ₹20,000 crore to ₹28,000 crore, excluding GST
- Nature of Contracts: Domestic
- Related-Party Transaction: No
BHEL Order Win Strengthens Thermal Power Business
The latest order win is expected to strengthen BHEL’s order book and provide additional revenue visibility over the execution period. The contracts come at a time when India continues to expand its power generation capacity to meet rising electricity demand.
While the country is accelerating renewable energy development, thermal power continues to play an important role in ensuring reliable and consistent electricity supply. The adoption of ultra-supercritical technology also reflects the industry’s focus on improving power plant efficiency.
For BHEL, the contracts reinforce its role as a key domestic manufacturer and supplier of critical equipment for large-scale power generation projects. The orders are also expected to support its thermal power business through equipment supply and associated services.
What the BHEL Contracts Mean for Adani Power
For Adani Power, the contracts represent an important step in supporting its planned thermal power capacity expansion. The four projects, with a combined capacity of 6,400 MW, will add to the company’s power generation development pipeline.
The agreement with BHEL covers the supply of major plant equipment and associated services required for the projects. The execution schedule will be aligned with Adani Power’s project requirements.
The contracts also highlight the role of domestic engineering and manufacturing companies in supporting India’s growing power infrastructure needs.
BHEL Confirms Contracts Are Not Related-Party Transactions
In its regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, BHEL confirmed that the contracts are domestic in nature.
The company also clarified that the transactions do not constitute related-party transactions. Further, the filing stated that there is no interest or involvement of BHEL’s promoters or promoter group companies in Adani Power, the awarding entity.
The exact contract values within the disclosed range and the detailed project execution schedules will depend on the respective project requirements.
About Bharat Heavy Electricals Limited (BHEL)
Bharat Heavy Electricals Limited (BHEL) is a leading public sector engineering and manufacturing company under the Government of India. It operates in the power and industrial equipment sectors and provides engineering, manufacturing, construction and associated services for power generation and other infrastructure projects.
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