In a regulatory filing, Bharat Heavy Electricals Ltd (BHEL) announced that it has secured an order from power giant NTPC to establish a 1,600 MW Singrauli thermal power project (Stage-II). The order’s value exceeds Rs 9,500 crore, excluding GST (goods and services tax).
“BHEL has been awarded an order from NTPC to construct the Singrauli Super Thermal Power Project, Stage-III (2×800 MW) in Sonebhadra District, Uttar Pradesh,” the statement read. The engineering firm anticipates completing Unit 1 within 50 months and Unit 2 within 54 months. The order encompasses equipment supply, erection and commissioning, as well as civil works, it added.
On Monday, the BSE requested clarification regarding reports of BHEL securing this order as the sole bidder. Subsequently, the company provided clarification to the BSE, stating that it had submitted a price bid on December 21, 2023, and is indeed the sole bidder for the specified NTPC tender. This action is considered routine business activity.
It was highlighted that the act of submitting a bid does not guarantee the acquisition of an order. Hence, it is not necessary to disclose such information under Regulation 30 of the SEBI Listing Regulations, 2015.
Bharat Heavy Electricals Limited (BHEL) is a prominent Indian central public sector enterprise and the foremost government-owned producer of power generation equipment. It is wholly owned by the Government of India and is under the administrative jurisdiction of the Ministry of Heavy Industries.
