State-owned Bharat Heavy Electricals Ltd (BHEL) announced on Tuesday that it has secured an order from power giant NTPC to establish a 1,600 MW Singrauli thermal power project (Stage-II). Valued at over Rs 9,500 crore, excluding GST (goods and services tax), the order was disclosed in a regulatory filing by BHEL.
According to the filing, BHEL has been awarded the contract by NTPC to develop the Singrauli Super Thermal Power Project, Stage-III (2×800 MW) in Sonebhadra District, Uttar Pradesh. The company anticipates completing Unit 1 within 50 months and Unit 2 within 54 months. The scope of work includes equipment supply, erection and commissioning, as well as civil works.
In response to queries from the BSE on Monday regarding BHEL being the sole bidder for this order, the company clarified that it had submitted a price bid on December 21, 2023. It emphasized that being the sole bidder in a tender process is a routine occurrence in its business operations and does not guarantee automatic order acquisition. Therefore, BHEL stated that such submissions do not necessitate disclosure under Regulation 30 of the SEBI Listing Regulations, 2015.
