BHEL received the letter of award from Mahagenco on 7 February 2025. Credit: Postmodern Studio/Shutterstock.

Bharat Heavy Electricals Limited (BHEL) has secured a Rs80bn ($914.63m) contract from India’s Maharashtra State Power Generation Company (Mahagenco)..  

A consortium of BHEL and Hitachi Energy India has received a letter of intent (LoI) from Rajasthan Part I Power Transmission for a high voltage direct current (HVDC) project, pending contract execution. 

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Rajasthan Part I Power Transmission operates as a special purpose vehicle (SPV) under the ownership of Adani Energy Solutions. 

The Rajasthan project involves designing and executing an HVDC link and associated AC substations to transmit renewable energy from Bhadla III in Rajasthan and Fatehpur in Uttar Pradesh.  

The project involves setting up two HVDC line-commutated converter (LCC) terminal stations with a 6000 MW capacity at Bhadla and Fatehpur.  

It also includes an +800 kV HVDC LCC terminal station (4×1500 MW) connecting Bhadla III and Fatehpur, along with the necessary AC substations. Completion is expected by 2030. 

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The Mahagenco order covers a 2×660 (1320) MW boiler turbine generator package for the Koradi thermal power station.  

This includes equipment supply, erection, commissioning and civil works.  

BHEL received the letter of award from Mahagenco on 7 February 2025, with completion expected within 52 to 58 months. 

The company posted a consolidated net profit of Rs1.34bn in the third quarter (Q3) of the fiscal year 2025 (FY25), more than doubling from Rs600m in the same period of the previous year. 

Its consolidated revenue from operations surged 32.3% year-on-year to Rs72.77bn in Q3 FY25. 

In November 2024, BHEL secured a contract from NTPC for the main plant package of three units of the 800 MW Telangana Stage-II supercritical thermal power plant project.  

BHEL’s responsibilities include design, engineering, manufacturing, commissioning and civil construction of the power plant.