State-owned BHEL has inked a contract agreement with Adani Power Ltd. and its subsidiary (Mahan Energen Ltd.) to set up three Supercritical Thermal Power projects (each with a 2×800 MW rating) in Kawai, Rajasthan, and Mahan, Madhya Pradesh.
The value of the three orders, excluding GST, is more than Rs 11,000 crore.
The contract agreement signed on 25 August 2024 relates to the supply of equipment (Boiler, Turbine, Generator) and Supervision of Erection & Commissioning for Three (3) power projects each of 2×800 MW based on Supercritical Technology at Kawai (Phase-II) Rajasthan & Kawai (Phase-III) Rajasthan of (APL) and at Mahan (Phase-III), Madhya Pradesh of MEL.
“The supply of projects is to be completed in 49 months (Kawai Phase-II), 52 months (Kawai Phase- III), and 55 months (Mahan Phase-III),” said BHEL in a filing.
The PSU stock has risen 184% in a year and gained 418.24% in two years. BHEL stock gained 2.61% to a high of Rs 303.90 against the previous close of Rs 296.15 on BSE. Total 4.38 lakh shares of the firm changed hands amounting to a turnover of Rs 13.15 crore. The market cap of the power equipment maker climbed to Rs 1.04 lakh crore.
