BHEL bags Rs 1,600 crore order from NTPC, SAIL joint venture

State-run engineering firm BHEL has bagged a Rs 1,600 crore order from a joint venture company of NTPC and SAIL to set up a coal-based thermal power project in Odisha.

"The 1x250 MW coal-based thermal unit will be set up at Rourkela Power Project on Engineering, Procurement & Construction (EPC) basis," BHEL said in a press release.

According to the statement, the Rs 1,600 crore order for Stage-III of brownfield power project, located in Rourkela district of Odisha, has been placed on BHEL by NTPC-SAIL Power Company (NSPCL).

The key equipment for the contract will be manufactured at BHEL’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants while the company's power sector division shall be responsible for civil works and erection/ commissioning of the equipment. 

At 1326 hours, BHEL’s stock was trading at Rs 120.90, down 1.80 or 1.47% on the BSE.