News ArticleBHEL Signs Rs. 600-900 Crore Contract with Power Grid for Synchronous Condenser Project at Barmer-II HVDC Station
Order includes design, engineering, manufacturing, supply, erection, testing and commissioning to be completed within 44 months
Bharat Heavy Electricals Limited (BHEL) has received a domestic order from Power Grid Corporation of India Limited for the design, supply and commissioning of two +300/-200 MVAR synchronous condensers at the Barmer-II HVDC Terminal Station, valued between Rs. 600 crore and Rs. 900 crore excluding GST, with a 44-month execution timeline.
Bharat Heavy Electricals Limited
Order Wins
Bharat Heavy Electricals Limited (BHEL) has secured an order from Power Grid Corporation of India Limited to establish two +300/-200 MVAR synchronous condensers at the Barmer-II HVDC Terminal Station, valued between Rs. 600 crore and Rs. 900 crore excluding GST, with an execution period of 44 months.
The order involves comprehensive scope including design, engineering, manufacturing, supply, erection, testing, and commissioning of the synchronous condensers.
The contract is awarded by a domestic government entity, Power Grid Corporation of India, acting on behalf of its project Special Purpose Vehicle company.
BHEL has confirmed there is no promoter or related party interest involved in this order, and the transaction is not a related party transaction.
The project is critical for Barmer-II HVDC Terminal Station and represents a significant contract win for BHEL, supporting their industrial manufacturing and electrical infrastructure capabilities.
Highlights
- Order for 2 synchronous condensers each rated +300/-200 MVAR
- Contract value estimated between Rs. 600 crore and Rs. 900 crore excluding GST
- Execution timeline fixed at 44 months
- Order awarded by Power Grid Corporation of India Limited, a Government of India Enterprise
- Full scope includes design, engineering, manufacturing, supply, erection, testing, and commissioning
- No promoter or related party interest in contract
Key Data Snapshot
What happened
- BHEL received a contract from Power Grid Corporation of India Limited for supply and commissioning of two synchronous condensers.
- The order is for 2 units of +300/-200 MVAR synchronous condensers at the Barmer-II HVDC Terminal Station.
Key details
- The contract covers design, engineering, manufacturing, supply, erection, testing and commissioning.
- The order execution is scheduled to be completed within 44 months.
- The project value is estimated between Rs. 600 crore and Rs. 900 crore excluding GST.
- The contract is awarded by a domestic government entity acting through its project SPV company.
- No promoter or related party interest is involved in the award of this contract.
Highlights
- Order for 2 synchronous condensers each rated +300/-200 MVAR
- Contract value estimated between Rs. 600 crore and Rs. 900 crore excluding GST
- Execution timeline fixed at 44 months
- Order awarded by Power Grid Corporation of India Limited, a Government of India Enterprise
- Full scope includes design, engineering, manufacturing, supply, erection, testing, and commissioning
- No promoter or related party interest in contract
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 30
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