BackBHEL stock rises 3% after bagging orders worth ₹3,200 cr for hydro projects
The orders are for Polavaram hydro power project in Andhra Pradesh and for pump-motor sets for lift irrigation schemes projects in Telangana
PremiumNew Delhi: Share price of State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) on Thursday jumped 3% after the company said it has bagged orders worth ₹3,200 crore for hydro projects in Andhra Pradesh and Telangana.
"BHEL has bagged significant orders, valued at ₹3,200 Crore, for Electro-Mechanical (E&M) works for a Hydro Electric Project (HEP) in Andhra Pradesh and E&M (electrical and mechanical) works of Pump-Motor sets for Lift Irrigation Schemes (LIS) in Telangana," BHEL said in its regulatory filing.
At 2:10 pm on Thurs the company's scrip on NSE was trading 3% higher at ₹36.50 as compared to its previous closing of ₹35.40.
The order for E&M works for 12x80 MW Polavaram hydro power project in Andhra Pradesh envisages manufacture and supply of India's highest unit-rating Kaplan hydro turbines, the company said.
Polavaram project, being developed by Andhra Pradesh Power Generation Corporation Limited (APGENCO), is located in the East Godavari district of Andhra Pradesh.
Pump-Motor sets order for LIS projects in Telangana include 15 sets (1,992 MW) for Kaleshwaram LIS and 13 sets (1,885 MW) for Palamuru Rangareddy LIS (package 1 & 16). These LIS projects are being developed by the Irrigation & CAD Department, government of Telangana.
BHEL is also executing another order for 18 pump-motor sets of Palamuru Rangareddy LIS (package 5&8) in Telangana.
The above orders have been received by BHEL from the EPC (engineering procurement and construction) contractor for the projects Megha Engineering & Infrastructure Limited (MEIL).
BHEL's scope of work in all the above projects includes design, engineering, manufacturing, supply and supervision of erection, testing & commissioning of the equipment and associated auxiliaries.
Major equipment for the projects will be manufactured at BHEL's manufacturing units in Bhopal, Jhansi, Rudrapur and Bengaluru while supervision of Erection and Commissioning (E&C) at site will be done by BHEL's power sector - Southern Region division, Chennai.
BHEL has been a significant partner in the development of the hydro power sector of Andhra Pradesh and Telangana, with its sets accounting for 72 per cent and 44 per cent of the installed capacity respectively.
Moreover, BHEL sets account for 45 per cent of the India's total installed hydro power capacity and BHEL's portfolio of over 500 hydroelectric sets, with a cumulative capacity of more than 30,000 MW globally, is a testimony to BHEL's market leadership in the hydro business segment, the company added.
BHEL on Wednesday said it has won an order from the Nuclear Power Corporation of India Ltd (NPCIL).
It has bagged the order for supply of 32 Reactor Header Assemblies to NPCIL, a company statement said.
The order has been won under NPCIL’s Fleet Mode Procurement for India’s highest rated indigenously-developed 700 MWe Pressurized Heavy Water Reactors (PHWR) to be set up at four different locations in the country, BHEL said.
Significantly, this is the first equipment order placed by NPCIL under the Fleet Mode Procurement programme and will give an impetus to domestic manufacturing, it said.
With agency inputs
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