Bharat Heavy Electricals (BHEL) has achieved a major breakthrough by bagging a prestigious contract for setting up a supercritical thermal power project on EPC (engineering, procurement & construction) basis from Gujarat State Electricity Corporation (GSECL). Valued at around Rs 35.36 billion, the order for setting up a 1x800 MW coal-fired supercritical thermal unit at Wanakbori in Kheda district of Gujarat, has been won by BHEL against International Competitive Bidding (ICB).
With this, GSECL has reposed confidence in BHEL’s proven technological excellence as also its capability in executing power projects of this magnitude on EPC basis.
Significantly, this is the first ever project of 800 MW units rating ordered in the country on EPC basis and is also the highest valued order placed by GSECL.
With this project, BHEL has now won orders for supply and installation of 33 supercritical boilers and 28 turbines of 660 / 700 / 800 MW ratings.
BHEL has a significant presence in the state of Gujarat with 78.3% share in the installed capacity of 9,653 MW in the state utilities of Gujarat for Coal, Lignite, Hydel and Gas based power plants. This order further enhances BHEL's already impressive contribution to this state.
Shares of the company gained Rs 4.8, or 2.17%, to trade at Rs 225.50. The total volume of shares traded was 265,280 at the BSE (11.41 a.m., Thursday).