BHEL Wins ₹6,500 Cr Order from Adani Power – Big Boost for Thermal Projects!

BHEL (Bharat Heavy Electricals Ltd.) has bagged a massive order worth ₹6,500 crore from Adani Power. The order is for supplying key equipment and handling supervision for six thermal power units, each of 800 MW capacity. What’s in the Order? BHEL will provide: • Steam turbine generators • Auxiliaries (supporting systems) • Supervision for erection & commissioning (setting up and running) Who Gave the Order? Adani Power issued a Letter of Award (LoA) for the project, confirming BHEL as the selected contractor. Stock Market Reaction (June 27): • BHEL closed slightly lower at ₹263.45 (down 0.38%) • Adani Power ended higher at ₹584.25 (up 1.06%) BHEL’s Financial Snapshot – Q4 FY24: • Net Profit: ₹504.45 crore (↑3% YoY) • Revenue: ₹9,142.64 crore (↑from ₹8,416.84 crore last year) What It Means: This is a strong win for BHEL, showing rising demand for thermal power infra. It also signals continued investment by Adani Power in large-scale thermal generation capacity. Bottom Line: This deal not only boosts BHEL’s order book but also reflects confidence in India's thermal power sector amidst the growing energy demand.