BHEL Wins Adani Power Contracts Worth Rs 28,000 Crore

Bharat Heavy Electricals Ltd (BHEL) secured four domestic contracts from Adani Power Ltd for the supply of equipment and services for four 1,600 MW projects. The total potential value of the orders reaches up to Rs 28,000 crore, with individual contracts valued between Rs 5,000 crore and Rs 7,000 crore, excluding GST.

The scope of the agreement includes the delivery of boilers, turbines, generators, and auxiliaries, as well as associated services. Following the announcement, BHEL shares rose between 3.5% and 4%, hitting a high of Rs 413.45.

In a regulatory filing, BHEL clarified that these agreements are not related-party transactions. The company stated that its promoter group holds no interest in Adani Power.