Bharat Heavy Electricals Ltd (BHEL) recorded new order inflows of Rs.3,723 crore in Q2 (July to September) of FY21 – a significant improvement over the lockdown-affected Q1 of FY21 when it could clock just Rs.1,485 crore of new orders.
In H1 (April to September) of FY21, the total new order inflow was Rs.5,208 crore. This was a stark 54 per cent lower than the Rs.11,296 crore of new orders booked in H1 of FY20.
In H1 of FY21, the power sector accounted for 75.3 per cent of the new orders booked. This was followed by the industry sector with a share of 22 per cent. The remaining 2.7 per cent was accounted for by exports.
Order Book
As of September 30, 2020, BHEL’s outstanding order book position was Rs.1,07,645 crore with power sector-related orders dominating with a 75.3 per cent share. (See table) BHEL, in an investor communication, observed that around 80 per cent of these orders are executable, implying that an orders worth around Rs.21,500 crore are facing some impediment or the other.
Major orders in H1FY21
Major orders received in H1 of FY21 included E&M (electrical & mechanical) works for the 12×80-mw Polavaram hydropower project in Andhra Pradesh, and supply of pump motor sets for the Palamaru Rangareddy Lift Irrigation Scheme in Telangana.
Outlook favourable
Though there has been delay in order finalization during H1 of FY21 due to the pandemic, BHEL maintains that it is favourably placed in some major orders. This would positively influence the new order inflow status in H2 of FY21. Some such orders are the main plant package for the 2×660-mw Talcher thermal power project of NTPC in Odisha; reactor headers (for 700 MWe pressurized heavy water reactors) for Nuclear Power Corporation of India; a number of emission-control orders for coal-fired power plants, etc.
BHEL is expected to bid for a significant number of EPC orders for which tendering is underway.
Some such upcoming tenders are:
- TG (Turbine-Generator) island package for NPCIL (6×700 MWe)
- Main plant EPC package for NTPC (Singrauli – 2×800 mw; Lara – 2×800 mw)
- Main plant EPC package for Adani Group (Pench – 2×660 mw)
BHEL also estimates that tendering for 30 GW worth of flue-gas desulphurization (FGD) projects is currently under various stages of processing. In the coming quarters, a similar quantum of tenders is expected, BHEL said.
Innovative Technology
At the 400/220kV Bhiwadi substation in Rajasthan of Power Grid Corporation of India, BHEL in collaboration with the Central power transmission company was developing digital substation solutions. The agreement between the two companies was signed in September last year. In September 2020, this substation was commissioned, earning the distinction of being India’s digital substation. The collaborative effort involved field trials of BHEL-manufactured 400kV fibre-optic current transformer, merging unit, switchgear controller unit and bay control unit. (See featured images)
Note:
- All tables have been compiled by T&D India from various official communications released by BHEL.
- Q1: April to June; Q2: July to September; H1: April to September; FY: April to March
