Against stiff International Competition Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has won an order for setting up a 1,320 MW Supercritical Thermal Power Project (TPP) in Tamil Nadu.
Valued at over Rs.7,300 Crore, the order for setting up the 2x660 MW Udangudi TPP has been placed on BHEL by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).
Significantly, this is the fourth order for supercritical sets finalised in the last three years by TANGEDCO, and all the four orders have been won by BHEL. The previous three orders viz 2x660 MW Ennore SEZ, 1x800 MW North Chennai Supercritical TPP Stage-III and 2x800 MW Uppur TPP were also secured by BHEL on ICB basis, reinforcing its position as the frontrunner in the power generation equipment industry in India.
Located at Udangudi in Thoothukudi district of Tamil Nadu, the greenfield project will be executed by BHEL on Engineering, Procurement, Construction (EPC) basis. BHEL's scope of work in the current contract involves design, engineering, manufacture, supply, erection, commissioning and civil works for the entire plant including sea water intake & outfall systems.
The key equipment for the project will be manufactured at BHEL's Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants while the company's Power Sector - Southern Region shall be responsible for civil works, erection and commissioning of the equipment.
The implementation of the new projects will help foster growth in Tamil Nadu and provide easy access to electricity to the people of the state. At present, BHEL has a significant share of 83% in the state's coal-based generating capacity and has been a major partner in the power development programme of Tamil Nadu.
BHEL is the leading power equipment manufacturer in the country with 50 sets of supercritical boilers and 43 sets of supercritical turbine generators ordered on it by various customers. These orders have been received from Central, State as well as Private sector utilities, who have reposed confidence in the company.
Shares of BHARAT HEAVY ELECTRICALS LTD. was last trading in BSE at Rs.89.65 as compared to the previous close of Rs. 89.55. The total number of shares traded during the day was 531987 in over 2047 trades.
The stock hit an intraday high of Rs. 90.3 and intraday low of 88.2. The net turnover during the day was Rs. 47601813.