BHEL Bags Major Order from Hindalco Worth Up to ₹1,500 Crore

State-owned engineering major Bharat Heavy Electricals Limited (BHEL) has received a significant boost with the award of a Letter of Intent (LOI) from Hindalco Industries Limited, marking a major order win in the power equipment segment. The order pertains to the design, engineering, supply, installation, commissioning and performance testing of a 2 x 150 MW Boiler-Turbine-Generator (BTG) package for Hindalco’s Aditya Expansion Project Phase II at its aluminium facility in Lapanga, Sambalpur, Odisha. According to the company disclosure, the total value of the contract is estimated between ₹1,200 crore and ₹1,500 crore, excluding GST. The project is to be executed in a phased manner, with commissioning timelines of 35 months for Unit 1 and 37 months for Unit 2 from the effective date of the contract. The contract has been awarded by a domestic entity and does not involve any related-party transaction, reinforcing its commercial merit. The scope of work includes manufacturing, supply, erection and commissioning of the BTG package, excluding civil works. This order win is strategically important for BHEL as it strengthens its order book and reinforces its position in the domestic industrial power projects space. With rising capex activity across core sectors, such contracts provide steady revenue visibility for the PSU engineering giant. The development is expected to be viewed positively by investors, as it signals continued demand for BHEL’s core power equipment business. Disclaimer: This article is for informational purposes only and should not be considered as investment advice. 👉 Follow me for regular market updates and financial insights!