BHEL Secures ₹1200-1500 Cr Order from SAIL for IISCO Steel Plant Captive Power Plant
BHEL received a Letter of Acceptance from SAIL for a Captive Power Plant at IISCO Steel Plant. The order, valued between ₹1200-1500 crore (excluding GST), includes design, supply, and commissioning within 39 months.
The order value of ₹1200-1500 crore is substantial and will positively impact the company's revenue and order book.
The company has secured a significant new order, which is positive for its business.
Bharat Heavy Electricals Limited (BHEL) has announced the receipt of a Letter of Acceptance (LOA) from Steel Authority of India Limited (SAIL) for a significant order.
The order pertains to the Captive Power Plant (CPP) (Pkg. No. CPP -1) for the 4.08 MTPA CS expansion of SAIL's IISCO Steel Plant located in Burnpur.
This domestic contract involves the design, engineering, manufacturing, supply, transportation, unloading, storage, erection, and performance guarantee testing of the CPP package on a turnkey basis, excluding civil work. The contract is a global tender. The commissioning of the CPP Package is expected within 39 months from the effective date of the contract.
The order is valued in the range of ₹1200 to ₹1500 crore, excluding GST. Neither the promoter, promoter group, nor group companies of BHEL have any interest in SAIL, and the order does not fall under related party transactions.
What to do with a filing like this
Bharat Heavy Electricals Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Bharat Heavy Electricals Limited. Read the original for the full detail.