Bharat Heavy Electricals Limited (BHEL), has bagged a contract from NTPC for the establishment of the 3×800 MW Telangana Stage-II Supercritical Thermal Power Plant.

What Happened: BHEL emerged as the successful bidder for the contract, as per a regulatory filing. The contract involves BHEL’s responsibility for the design, engineering, manufacturing, supply, erection, commissioning, and civil construction of the power plant. BHEL has received a Limited Notice to Proceed (LNTP) from NTPC Ltd. to commence the basic engineering work of the Main plant package for this upcoming supercritical thermal power plant.

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This project further strengthens the long-standing partnership between BHEL and NTPC, with BHEL contributing to over 57% of NTPC's thermal power installations across the country.

BHEL has installed 1,68,000 MW of utility power capacity installed over India.

In its Q2 results, BHEL posted a net profit of ₹106.15 crore against a net loss of ₹63.01 crore in the previous year. The PSU company’s revenue gained 28.46% to ₹6584.1 crore. The results had surpassed the market’s expectations.

The stock has gained 3.10% since the results came out. Before that the stock had fallen 20% in the previous month.

Price Action: Shares of BHEL were down 1.10% on Tuesday.

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