Against stiff International Competition Bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has won an order for setting up a 1,320 MW Supercritical Thermal Power Project (TPP) in Tamil Nadu.

The order valued at over Rs7,300cr, for setting up the 2x660 MW Udangudi TPP has been placed on BHEL by Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO).

Significantly, this is the fourth order for supercritical sets finalized in the last three years by TANGEDCO, and all the four orders have been won by BHEL. The previous three orders viz 2x660 MW Ennore SEZ, 1x800 MW North Chennai Supercritical TPP Stage-III and 2x800 MW Uppur TPP were also secured by BHEL on ICB basis, reinforcing its position as the frontrunner in the power generation equipment industry in India.

The key equipments for the project will be manufactured at BHEL’s Trichy, Haridwar, Bhopal, Ranipet, Hyderabad, Jhansi, Thirumayam and Bengaluru plants while the company's Power Sector - Southern Region shall be responsible for civil works, erection and commissioning of the equipment.

The implementation of the new projects will help foster growth in Tamil Nadu and provide easy access to electricity to the people of the state. At present, BHEL has a significant share of 83% in the state’s coal-based generating capacity and has been a major partner in the power development programme of Tamil Nadu.

The stock ended at Rs89.9, up by Rs0.25 or 0.28% from its previous closing of Rs89.65 on the BSE. The scrip opened at Rs89.9 and touched a high and low of Rs91.8 and Rs89.35 respectively.

BHEL is India’s largest power plant equipment manufacturer with 20,000 MW pa manufacturing capacity. It is the market leader in generation equipment space with 55% market share of the total installed power capacity. BHEL derived 79.2% of its revenue from power segment, and remaining from the industrial segment (transmission, transportation, renewables, defence) in FY17.

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