BHELBharat Heavy Electricals Ltd.
Bharat Heavy Electricals gets Power Grid order for synchronous condensers
- Order win
- Electrical Equipment
Reviewed byRachit TripathiBlacklitt Research
Bharat Heavy Electricals (NSE: BHEL) has received an order from Power Grid Corporation of India Limited on behalf of its Project SPV Company to establish 2 synchronous condensers at Barmer-II HVDC Terminal Station, it said in a filing on 07 Nov 2026. The broad size of the project is ₹600 crore to ₹900 crore excluding GST.
Key highlights
- Project value: ₹600 crore to ₹900 crore excluding GST
- Equipment: 2 Nos. +300/-200 MVAR synchronous condensers
- Execution period: 44 months
- Awarded by: Power Grid Corporation of India Limited, for its Project SPV Company
The order in numbers
| Item | Detail |
|---|---|
| Awarded by | Power Grid Corporation of India Limited, on behalf of its Project SPV Company |
| Domestic or international | Domestic |
| Scope | Design, engineering, manufacturing, supply, erection, testing and commissioning of 2 Nos. +300/-200 MVAR synchronous condensers at Barmer-II HVDC Terminal Station |
| Project value | ₹600 crore to ₹900 crore, excluding GST (broad size as stated in the filing) |
| Execution period | 44 months |
The order covers two synchronous condensers at Barmer-II
The order is for establishment of 2 Nos. +300/-200 MVAR synchronous condensers at the Barmer-II HVDC Terminal Station. The contract covers design, engineering, manufacturing, supply, erection, testing and commissioning of the equipment.
Power Grid Corporation of India Limited awarded it on behalf of its Project SPV Company, and the awarding entity is a Government of India Enterprise.
A project valued at ₹600 crore to ₹900 crore
The broad size of the project is given as ₹600 crore to ₹900 crore excluding GST, and the order is to be executed within 44 months.
The top of that range is set against a market value of ₹1,45,828 crore for the company at the 06 Nov 2026 close of ₹418.80 a share.
What the order means for Bharat Heavy Electricals' shareholders
For the company, the new order carries a stated size range of ₹600 crore to ₹900 crore and a 44-month execution period.
The exact order value within that range, the date of the Notification of Award, when the 44-month period starts, and the effect on results are not stated.
Filed with NSE on . Reference: Original filing (PDF)
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