Bharat Heavy Electricals Limited (BHEL) has secured a ₹11,800 crore contract from the Chhattisgarh State Power Generation Company (CSPGCL) for the Engineering, Procurement, and Construction (EPC) package of the 2x660 MW Korba West Supercritical Thermal Power Plant (STTP). This major project, located at the Hasdeo Thermal Power Station in Korba district, Chhattisgarh, further cements BHEL's position as a leading player in India's energy sector.

Project Scope and Details

The contract includes the supply of key supercritical equipment, such as boiler, turbine, generator, and associated auxiliaries. Additionally, BHEL will be responsible for the electrical systems, Control & Instrumentation (C&I), and Balance of Plant (BoP) packages. The company will also oversee erection, commissioning, and civil works to ensure the project's completion.

The Korba West STTP is slated for commercial operation within 60 months, making it one of the key upcoming energy projects in the country.

BHEL’s Recent Order Wins Strengthen Business Pipeline

This latest contract win follows a series of large-scale orders for BHEL in 2024:

• March 2024: BHEL secured a ₹7,500 crore order from the Gujarat State Electricity Corporation Ltd. (GESCL) for an EPS package for the 1x800 MW Ukai Extension Unit 7 in Tapi District, Gujarat.

• February 2024: The company bagged a ₹6,700 crore order from Singareni Collieries for an 800 MW thermal power unit in Telangana.

• February 2024: BHEL also won a ₹6,200 crore contract from Damodar Valley Corporation for thermal power projects.

BHEL Stock Performance and Market Sentiment

Following the announcement of this contract, BHEL shares surged 2.7% on Friday to ₹219.72, marking a 22% gain over the last month. Analysts remain divided on the stock:

• 8 analysts have given a "sell" rating.

• 7 analysts have issued a "buy" recommendation.

• 2 analysts have maintained a "hold" rating.

Despite mixed analyst opinions, BHEL's robust order pipeline and strong performance in the Indian power sector make it a stock to watch.