BHEL Share Price in Focus; Company Wins ₹600-900 Crore Order From Power Grid

Bharat Heavy Electricals Limited (BHEL) has received an order worth between ₹600 crore and ₹900 crore from Power Grid Corporation of India. The order is for setting up two synchronous condensers at Kalyanpur in Gujarat. 

Power Grid has placed the order on behalf of its project special purpose vehicle (SPV). The project is linked to the transmission system being developed to bring power from renewable energy projects in the Jam Khambhaliya Renewable Energy Zone. 

What Work Will BHEL Carry Out? 

The order covers the complete work, starting from design and engineering to manufacturing and supply of equipment. BHEL will also handle installation, testing and commissioning of both synchronous condensers. 

The project is expected to take 35 months to complete. The estimated order value is between ₹600 crore and ₹900 crore, excluding GST. 

Order Is from Domestic Entity 

BHEL said the contract has been awarded by a domestic entity. The company also clarified that its promoters and promoter group have no interest in the entity placing the order. The contract does not fall under related-party transactions.

Read More: NIFTY FINANCIAL SERVICES Index Climbs Above 27,200 Mark in Intraday Trade on November 9, 2026! 

BHEL Share Price Performance 

As of November 11, 2026, at 1:44 PM, BHEL share price was trading at ₹431.50 per share, reflecting a 2.02% surge from previous closing price. 

Conclusion 

The order gives BHEL another project in Gujarat's power transmission network. The company will be responsible for supplying and installing two synchronous condensers, with completion scheduled over 35 months. 

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