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BHEL has been awarded a ₹10,000 crore contract by Damodar Valley Corporation to set up the 2x800 MW Koderma Phase-II thermal power station in Jharkhand. The project, to be completed in 52 months, includes equipment supply and full EPC execution.
On Friday, Bharat Heavy Electricals Limited (BHEL) announced it has secured a significant contract from Damodar Valley Corporation (DVC) to develop the 2x800 MW Koderma Phase-II Thermal Power Station located in Koderma district, Jharkhand. As a result, BHEL’s share price today will remain in focus.
BHEL has received a Letter of Intent (LOI) from DVC for this project, which will be executed on an engineering, procurement, and construction (EPC) basis. The total value of the contract exceeds ₹10,000 crore, excluding taxes and duties. The scope of work for BHEL includes:
Supply of Equipment: BHEL will provide critical components such as boilers, turbines, generators, and associated auxiliaries. Additionally, the company will supply electrical systems and control & instrumentation (C&I) systems along with a balance of plant packages.
Construction and Commissioning: BHEL is responsible for the erection and commissioning of the power station, as well as carrying out the necessary civil works.
The entire project is scheduled for completion within a period of 52 months.
BHEL's Q4 financial performance shows a decline in net profit. For the last quarter of FY24, the company's net profit fell by 24.92% to ₹484.36 crore compared to ₹645.13 crore in Q4 FY23. Despite this, net sales increased marginally by 0.83% to ₹7,883.88 crore for the quarter ending March 31, 2024, compared to ₹7,819.37 crore in the previous year.
On Friday, BHEL’s share price closed at ₹327 on the NSE, reflecting a gain of ₹9.70 or 3.06%. The stock has delivered a year-to-date return of 65.03%, indicating positive market sentiment despite profit declines in Q4.
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