Bharat Heavy Electricals Limited (BHEL) has announced the receipt of a significant order from Power Grid Corporation of India Limited. This contract is for the establishment of two Nos. +300/-200 MVAR Synchronous Condensers at the Barmer-II HVDC Terminal Station. The order, valued between ₹600 crore and ₹900 crore excluding GST, is expected to be executed over a period of 44 months.
New Order Secured for HVDC Terminal Project
Bharat Heavy Electricals Limited (BHEL) has officially informed the stock exchanges about a new order received from the Power Grid Corporation of India Limited. This order is placed on behalf of its Project SPV Company and pertains to the establishment of critical infrastructure for the Barmer-II HVDC Terminal Station.
Scope of Work and Project Details
The contract involves the supply and installation of two units of +300/-200 MVAR Synchronous Condensers. This equipment is vital for ensuring grid stability and power quality at the HVDC terminal. The order encompasses the complete lifecycle of the project, including design, engineering, manufacturing, supply, erection, testing, and commissioning of the synchronous condensers.
Financial Implications and Timeline
The broad consideration for this significant order is estimated to be in the range of ₹600 crore to ₹900 crore, exclusive of Goods and Services Tax (GST). BHEL is expected to execute this project within a timeframe of 44 months from the date of the award. This substantial contract is expected to contribute positively to BHEL’s order book and future revenue streams.
Domestic Entity and Project Value
The awarding entity, Power Grid Corporation of India Limited, is a domestic entity and a Government of India Enterprise. The project’s significant valuation underscores its importance in the country’s power transmission infrastructure development.
Source: BSE
