BHEL shares in focus after Rs 5,400 crore order win from JV firm with CIL – News Air Insight

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Shares of Bharat Heavy Electricals Limited (BHEL) are likely to be in the spotlight on Friday, January 9, after the company secured a significant order worth approximately Rs 5,400 crore from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture between Coal India Limited (51%) and BHEL (49%).

The order pertains to the Coal Gasification and Raw Syngas Cleaning Plant (LSTK 1 Package) of BCGCL’s Coal to 2000 TPD Ammonium Nitrate Project located in Lakhanpur, Jharsuguda district, Odisha.

As per the terms of the Letter of Acceptance (LOA), the contract includes the design, engineering, supply of equipment, civil works, erection, commissioning, and operation & maintenance (O&M) services for a duration of 60 months from the preliminary acceptance.

The project is set to achieve commissioning and performance guarantee testing within 42 months from the LOA date. The order was awarded on a nomination basis and qualifies as a related party transaction, being carried out at arm’s length. BHEL is also the executing agency for the project.

Separately, BHEL announced it has commenced the supply of semi-high-speed underslung traction converters for the Vande Bharat Sleeper Train project.


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This marks the company’s strategic entry into the semi-high-speed propulsion segment. The first set of traction converters, specifically designed for the Vande Bharat Sleeper variant, were flagged off at BHEL’s Bengaluru plant and are being sent to Kolkata for final assembly.The advanced IGBT-based converters are part of a propulsion system that supports speeds of up to 160 kmph, with a design capability of 176 kmph. The underslung architecture frees up passenger space onboard by positioning propulsion equipment beneath the train car, thereby improving payload efficiency.

Other components for the project, including traction motors and transformers, are being manufactured at BHEL’s Bhopal and Jhansi units.

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