State-Owned BHEL Bags Order From NHPC For 2880 MW Hydropower Project In Arunachal Pradesh

Maharatna CPSE Bharat Heavy Electricals Limited (BHEL) has bagged an order from NHPC for a hydropower project of 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh. The company did not disclose the value of the order.

According to BHEL, the order for the project's electro-mechanical (E&M) works was won after fierce competition in an international competitive bidding process.

BHEL's scope in the contract envisages design, engineering, manufacture, supply, erection and commissioning of the electro-mechanical package including Turbines, Generators, Digital Governing Systems, Static Excitation Systems, Transformers, Bus Reactors, Gas Insulated Switchgear, Outdoor Pot Yard & Switchyard Equipment and Electrical & Mechanical BoPs, according to the Company.

Major equipment for the project will be manufactured by BHEL's plants at Bhopal, Bengaluru, Jhansi and Rudrapur while the execution activities on-site will be carried out by the company's Power Sector - Eastern Region division, Kolkata, BHEL said in a statement.

BHEL is India's largest manufacturer of power generating equipment with an installed base of over 1,97,000 MW globally. Significantly, with over 5 decades of experience, the company is firmly established as a leader in India's hydro segment. BHEL has a portfolio of over 500 hydroelectric sets with a cumulative capacity of more than 32,000 MW in India and abroad.

Meanwhile, BHEL shares on Monday closed 1.95% or Rs 2.65 higher at Rs 138.75 per share on the BSE. The day's high was Rs 140.65 and day's low was Rs 134.65 on the BSE.

The stock gained 26.65% in the past 1 week, and 40.22% in the past 1 month. It gave a multibagger return of 133.98% in 1 year. While in 2 and 3 years, it gave 150.23% and 258.99% returns, respectively. In 5 years, it gave 76.53% positive return.

Its 52-week high is Rs 140.65 per share and its 52-week low is Rs 54.75 per share.