Bharat Heavy Electricals Ltd (BHEL) has reported a 33 per cent year-on-year growth in order inflows during the first nine months (April to December) of FY25.
According to an investor presentation filed on stock exchanges, BHEL reported an order inflow of Rs.47,947 crore in the April-December period of FY25, which was 33 per cent higher than the comparable level of Rs.36048 crore in FY24.
Power sector-related orders dominated proceedings in the 9MFY25 period. At Rs.39,464 crore, such orders accounted for 82 per cent of the total orders in the period. Orders in the industrial business stood at Rs.8,328 crore while exports orders were valued at Rs.154 crore.
Order book position
As of December 31, 2024, BHEL’s outstanding order book position (net of taxes) was around Rs.160157 crore, of which the power sector had a share of 76 per cent. This was followed by industry with 22 per cent and exports with 2 per cent.
Key orders in Q3FY25
During the third quarter (Q3: October to December) of FY25, BHEL received some important orders in the power T&D segment.
BHEL, in association with Hitachi Energy India Ltd, received a large HVDC-related order related to the “Khavda V-A” project being developed by a TBCB-subsidiary of Power Grid Corporation of India Ltd (PGCIL). The order relates to ±800kV LCC-based HVDC terminals at Khavda (Gujarat) and Nagpur (Maharashtra), along with associated AC systems.
During the quarter, BHEL also received an EPC order for a 765kV air insulated switchgear (AIS) substation package, and various substation extension orders in the 400kV and 765kV rating. The Central PSU engineering firm also landed orders for supply of transformers of various ratings from transmission companies, the investor presentation said.
All power T&D-related orders fall under BHEL’s “Industry” segment, while “Power” represents utility-scale power generation-related activities.
In another significant development, BHEL, in Q3 of FY25, emerged as the successful bidder for the main plant (boiler, turbine-generator) package for NTPC’s 3×800-MW Telangana Stage-II supercritical thermal power plant in Telangana. Accordingly, BHEL has received a limited notice to proceed (NTP) from NTPC Ltd, to initiate basic engineering.
Also read: BHEL commissions two units of Punatsangchhu-II hydropower project in Bhutan
Featured photograph (source: BHEL) relates to the HVDC terminals of the Raigarh-Pugalur HVDC link that was supplied by BHEL in association with Hitachi Energy India Ltd.
