BHEL shares gain 3% after bagging second Power Grid order in a week worth up to ₹900 crore

Résumé détaillé

BHEL has received a Notification of Award (NOA) from Power Grid, on behalf of its project special purpose vehicle (SPV), for setting up two synchronous condensers at Kalyanpur in Gujarat.

Shares of Bharat Heavy Electricals Ltd. (BHEL) gained more than 3% on Wednesday, November 11, after the company secured an order between ₹600 crore - ₹900 crore from Power Grid Corporation of India.

According to an exchange filing, BHEL has received a Notification of Award (NOA) from Power Grid, on behalf of its project special purpose vehicle (SPV), for setting up two synchronous condensers at Kalyanpur in Gujarat.

The project involves the design, engineering, manufacturing, supply, erection, testing and commissioning of two +300/-200 MVAR synchronous condensers. These will be part of the transmission system associated with the integration of power from renewable energy projects in the Jam Khambhaliya Renewable Energy Zone (REZ) in Gujarat.

The project is valued between ₹600 crore to ₹900 crore, excluding Goods and Services Tax (GST), and is scheduled to be executed over 35 months.

Synchronous condensers are rotating electrical machines used to support power system stability. They help manage reactive power, regulate voltage and improve the reliability of electricity transmission networks.

These systems are particularly relevant to HVDC transmission infrastructure, where voltage control and grid stability are important for reliable power transmission.

The latest contract comes days after BHEL disclosed another order in the same value range from Power Grid for setting up two synchronous condensers at the Barmer-II High Voltage Direct Current (HVDC) Terminal Station in Rajasthan.

The November 7 order also involves two units with a capacity of +300/-200 MVAR each. BHEL will undertake the design, engineering, manufacturing, supply, erection, testing and commissioning. The execution period for this contract is 44 months.

Separately, BHEL has received an adjudication order from the Telangana Commercial Tax Department dropping the entire GST demand of ₹207.26 crore raised against the company for the financial year 2022-23.

Début de l'article, extrait de CNBC-TV18. Pour lire la suite, ouvrez l'article chez le média.