A revival in thermal power orders has boosted the order inflow of Bharat Heavy Electricals Ltd (BHEL) in the first half of FY24.
According to an investor presentation filed on stock exchanges, BHEL reported an order inflow of Rs.3,3479 crore in H1 (April to September) of FY24 that was nearly thrice the comparable level of Rs.12,310 crore in H1 of FY23.
“Fructification of diversification initiatives and revival of thermal power ordering led to robust order booking,” the presentation observed.
As of September 30, 2023, BHEL had an outstanding order book position of Rs.1,14,425 crore. Of this, the power sector accounted for 72 per cent, followed by “industry” with 24 per cent and exports with 4 per cent. The “industry” business segment typically includes all non-power generation activities like power transmission, railways, defence, etc.
Major power sector-related orders booked by BHEL in Q2 (July to September) of FY24 include:
- EPC order for 2×800-mw supercritical thermal power project (STPP) Stage‐II at Lara in Chhattisgarh from NTPC
- Supply of main plant equipment for 2×800-mw STPP (Phase‐II) at Bandhaura in Singrauli district, Madhya Pradesh from Mahan Energen Ltd (Adani Group)
- Supply of electro‐mechanical works of Dibang multipurpose project, 12×240 mw in Arunachal Pradesh from NHPC Ltd. (This is believed to be India’s largest order related to electromechanical works of a hydropower project.)
Also read: BHEL Wins Major Order From NTPC For Lara STPP
In the power transmission line of business (that is included in “industry”), BHEL landed some major orders in Q2 of FY24:
- Supply of 23 nos. of 160 MVA, 220kV transformers
- Supply of 7 nos. 500 MVA, 400kV transformers
- Supply of 5 nos. 400 kV & 765kV reactors
It may also be mentioned that in FY24, BHEL successfully developed, tested and supplied a single-phase auto transformer of 500 MVA, 765kV rating without the use of an on-load tap changer (OLTC).
More stories on corporate performance in FY24
