Bharat Heavy Electricals Limited (BHEL) has approved a further equity investment of Rs. 65 Crore in its joint venture, NTPC BHEL Power Projects Private Limited (NBPPL), with NTPC Limited. This investment, made in one or more tranches, aims to support NBPPL’s operations and settle urgent liabilities, ensuring it continues as a going concern. The decision was made during a Board Meeting held on September 14, 2026.
BHEL Board Approves Equity Infusion in NBPPL
In a significant move to bolster its joint venture operations, Bharat Heavy Electricals Limited (BHEL) announced that its Board of Directors has approved a further equity investment amounting to Rs. 65 Crore. This capital infusion will be directed towards NTPC BHEL Power Projects Private Limited (NBPPL), a joint venture between BHEL and NTPC Limited, where both entities hold a 50:50 equity shareholding.
Strategic Rationale for Investment
The investment, which may be made in one or more tranches, is primarily intended to address NBPPL’s urgent liabilities and ensure its continued operation as a going concern. NBPPL, incorporated in April 2008, focuses on executing Engineering, Procurement, and Construction (EPC) contracts for power plants and manufacturing power plant equipment. This equity contribution reinforces BHEL’s commitment to the JV’s long-term viability and operational capacity.
JV Details and Financials
The disclosures reveal that NBPPL’s provisional turnover for the financial year 2025-26 is estimated at INR 1.04 Crore. The equity investment by BHEL will be made at face value, aligning with arm’s length transaction principles. The company’s presence is noted as primarily within India.
Meeting Details
The Board Meeting where this decision was ratified commenced at 4:37 PM and concluded at 6:22 PM on September 14, 2026.
Source: BSE
