On Monday, Bharat Heavy Electricals Limited (BHEL) revealed that it had received orders totaling more than Rs 11,000 crore from Adani Power and Mahan Energen, a subsidiary of Adani Power, for the provision of equipment (such as boilers, turbines, and generators) and supervision of the erection and commissioning of three power projects located in Mahan, Madhya Pradesh, and Kawai, Rajasthan. It further stated that each of the three projects will have a rating of 2×800 MW.
“Contract Agreement signed on 25th August 2024 for Supply of equipment (Boiler, Turbine, Generator) & Supervision of Erection & Commissioning for Three (3) power projects each of 2×800 MW based on Supercritical Technology at Kawai (Phase-II) Rajasthan & Kawai (Phase-III) Rajasthan of (APL) and at Mahan (Phase-III), Madhya Pradesh of MEL,” the company stated in a regulatory filing.
In July, BHEL released its fiscal first-quarter financial report. The company’s net loss increased to Rs 211 crore from Rs 205 crore during the same time the previous year, despite a jump in its topline and increased demand for power equipment. It reported operating revenue of Rs 5,845 crore for the June quarter, a 9.6% increase over Rs 5,003 crore for the same period in the previous fiscal year.
On May 21, 2024, the company’s management said that its operating margins had decreased due to winning several orders in 2021–2022 and 2022–2023 without raw material pass-through variation clauses. BHEL had an outstanding order book of about Rs 1,31,600 crore as of April 1.
