BHEL bags ₹600-900 crore order from Power Grid for Barmer project

Detailed summary

BHEL has secured a ₹600-900 crore order from Power Grid Corporation of India for installing two synchronous condensers at the Barmer-II HVDC Terminal Station. The domestic project has an execution timeline of 44 months.

Bharat Heavy Electricals(BHEL) has received an order worth ₹600 crore to ₹900 crore from Power Grid Corporation of India for setting up synchronous condensers at the Barmer-II HVDC Terminal Station in Rajasthan.

In a regulatory filing dated November 7, BHEL said it had received a Notification of Award (NOA) from Power Grid, acting on behalf of its project special purpose vehicle (SPV), for the establishment of two synchronous condenser units with a capacity of +300/-200 MVAR each.

The project is valued at ₹600 crore to ₹900 crore, excluding Goods and Services Tax (GST).

Under the contract, BHEL will undertake the design, engineering, manufacturing, supply, erection, testing and commissioning of the two synchronous condenser units at the Barmer-II HVDC Terminal Station.

Opening of the article, excerpted from CNBC-TV18. To read the rest, open the article on the publisher's site.