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BHEL Secures LoI for BF800 HVDC Project, Bags Rs.8,000 Crore Order

Synopsis:

Bharat Heavy Electricals Limited (BHEL) secured a LoI for the BF800 HVDC project from Rajasthan Part I Power Transmission. Additionally, it bagged an Rs.8,000 crore contract for a thermal power station in Maharashtra. BHEL share price dipped despite strong order gains.


Bharat Heavy Electricals Limited (BHEL), a state-owned engineering company, has received a Letter of Intent (LoI) from Rajasthan Part I Power Transmission Limited for the BF800 HVDC project. The project, a collaboration between BHEL and Hitachi Energy India Limited (HEIL), involves setting up a 6,000 MW High Voltage Direct Current (HVDC) link along with associated AC substations. This infrastructure will transmit renewable energy from Bhadla III in Rajasthan and Fatehpur in Uttar Pradesh. The contract will be executed at a later date, with the project set for completion by 2030.

Alongside this, BHEL has secured an Rs.8,000 crore order from Maharashtra State Power Generation Company Limited (Mahagenco) for a 2x660 MW boiler turbine generator (BTG) package at Koradi Thermal Power Station in Nagpur. This order includes equipment supply, erection, commissioning, and civil works, with completion expected within 52 to 58 months from the Letter of Award (LoA) issued on February 7, 2025.

Also read: Hitachi Energy India Secures LoI for HVDC Project, Strengthening Order Book

BHEL

Trade

226.84-4.49 (-1.94 %)

Updated - 30 April 2025
232.37day high
DAY HIGH
225.06day low
DAY LOW
8248908
VOLUME (BSE)

Key Takeaways

  • BF800 HVDC Project: BHEL, in partnership with HEIL, to develop a 6,000 MW HVDC link.

  • Transmission Scope: +800 kV HVDC LCC terminal stations at Bhadla (Rajasthan) and Fatehpur (UP).

  • Thermal Power Order: Rs.8,000 crore contract for 2x660 MW BTG package at Koradi, Nagpur.

  • Execution Timeline: HVDC project to be completed by 2030; thermal power station in 52-58 months.

  • Stock Performance: BHEL share price declined by 12.11% in the past year but surged 264.17% over three years.

Also read: Bharat Electronics Secures Rs.962 Crore Orders, Strengthening Defence Ties

Despite securing high-value contracts, BHEL share price faced downward pressure. The stock underperformed the industry, sector, Sensex, and Nifty50 in the past year, reflecting investor caution. However, the company’s growing order book strengthens its long-term growth prospects.

BHEL’s Stock Performance Overview

Timeframe

Stock Performance

1 Year

-12.11%

3 Years

+264.17%

Industry Rank

Underperformed

BHEL’s recent project wins bolster its position in India’s power and renewable energy infrastructure. While the BHEL share price remains volatile, the company’s expanding order book suggests sustained future growth potential.

Also read: VA Tech Wabag Secures ₹3,200 Crore Order in Saudi Arabia, Strengthening Its Market Position

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