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BHEL Bags Mega ₹28K Cr Power Orders
5 Nov
Summary
- BHEL secured contracts worth ₹28,000 crore from Adani Power.
- Orders are for four projects, each with two 800-megawatt units.
- These deals signify increased private sector investment in new capacity.
Bharat Heavy Electricals Ltd. (BHEL) has announced securing contracts valued at approximately ₹28,000 crore ($3 billion) from Adani Power Ltd. These significant orders encompass equipment for four distinct power projects, each featuring two 800-megawatt units.
The scope of these contracts includes the supply of essential components such as boilers, turbines, and generators, along with auxiliary equipment and associated services. This development underscores a positive trend of increased capital expenditure within India's private sector for establishing new energy generation capacity.
Following the announcement, BHEL's shares saw a considerable rise, gaining as much as 6.3% and marking their best performance in six months. The company's stock has shown robust growth throughout the year, significantly outperforming the broader market.
This surge in private investment aligns with the government's commitment to infrastructure development. Finance Minister Nirmala Sitharaman recently emphasized the continuation of public spending on infrastructure to foster economic growth, noting the crucial role of private sector participation in expanding operations and building new capacity.
