BHEL Share Price in Focus After ₹90 Cr DVC Order for Durgapur 800 MW Power Project

BHEL share price is likely to remain in focus after Bharat Heavy Electricals Limited announced that it has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC) for a 1x800 MW supercritical thermal power project in Durgapur, West Bengal.

The LNTP marks the beginning of advance engineering activities and procurement of critical long-lead items under the main plant package, which includes boiler, turbine, and generator systems for the project. The development was disclosed through a regulatory filing submitted to stock exchanges.

₹90 Crore Order Signals Early Project Execution Phase

According to the company, BHEL emerged as the successful bidder in a major tender floated by DVC under international competitive bidding. The total contract value is estimated at over ₹90 crore excluding GST for the LNTP phase.

The full supply and execution order for the main plant package is expected to be awarded after completion of a 10-month LNTP period. During this phase, BHEL will undertake advance engineering work and initiate procurement of critical long-lead equipment required for the thermal power station.

The company clarified that the arrangement is part of a staged project execution model, commonly used in large infrastructure and power projects to accelerate implementation timelines.

Strengthening BHEL’s Power Equipment Order Pipeline

The DVC project adds to BHEL’s growing order pipeline in the domestic power sector, where it continues to play a key role as a leading engineering and manufacturing PSU. The company’s involvement in supercritical thermal power projects supports India’s ongoing efforts to expand electricity generation capacity and improve grid stability.

As both entities are public sector undertakings, the transaction does not fall under related party provisions, according to the company filing.

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Conclusion

The latest LNTP from DVC for the Durgapur 800 MW project reinforces BHEL’s positioning in India’s large-scale power infrastructure segment. While the immediate financial value is limited, the move signals strong visibility for future order conversion and execution. As a result, BHEL share price is expected to remain in focus as investors track progress toward the full project award over the next 10 months.

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