BHEL bags Power Grid order for synchronous condensers in Gujarat
Bharat Heavy Electricals said in an NSE filing that it received an order from Power Grid Corporation of India for two synchronous condensers at Kalyanpur, Gujarat, valued at Rs 600-900 crore.
Key points
- Bharat Heavy Electricals Limited said in a filing that it has received an order from Power Grid Corporation of India for synchronous condensers at Kalyanpur, Gujarat.
- The company's filing puts the project value at Rs 600 crore to Rs 900 crore, excluding GST, with a time period of 35 months to execute it.
- The filing says the order is domestic, is not a related party transaction, and that the promoter group has no interest in the entity that awarded it.
Bharat Heavy Electricals Limited (BHEL) said in a filing with the National Stock Exchange on 11 November 2026 that it has received an order from Power Grid Corporation of India Limited, acting on behalf of its project special purpose company. The order is for two synchronous condensers at Kalyanpur in Gujarat. The company's filing puts the project value at Rs 600 crore to Rs 900 crore, excluding GST.
What Happened
In the filing, BHEL said it received a Notification of Award from Power Grid Corporation of India Limited, which the filing describes as a Government of India enterprise. The award is for the establishment of two synchronous condensers of +300/-200 MVAR each at Kalyanpur in Gujarat. A synchronous condenser is a machine that helps keep voltage steady on a power transmission network.
According to the filing, the work covers design, engineering, manufacturing, supply, erection, testing and commissioning. The filing says the condensers are associated with the transmission system for integration of power from renewable energy projects in the Jam Khambhaliya renewable energy zone in Gujarat.
The filing gives the time period for executing the order as 35 months. It describes the order as domestic, awarded by a domestic entity. The company gave the size of the order as a range, a project valued at Rs 600 crore to Rs 900 crore excluding GST, and not as a single figure.
On disclosures required under the listing rules, BHEL said the promoter, promoter group and group companies have no interest in the entity that awarded the order. It also said the order does not fall within related party transactions.
What It Means
This is a company disclosure of an order received. It tells readers what work BHEL has been awarded, by whom, and the value range and time period the company has stated. The filing does not give a single order value, a start date or any payment terms, so none are stated here.
The filing does not say how the order will affect BHEL's revenue or profit, and this report draws no such conclusion. Readers who want the full details can read the company's filing with the National Stock Exchange. Complaints against listed companies and SEBI-registered intermediaries can be made at https://scores.sebi.gov.in.
Oquilia Data: Bharat Heavy Electricals Ltd. (NSE: BHEL)
| Close, 9 Nov 2026 | Rs 422.95 (+1.38% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −2.46% / +4.38% / +4.54% / +47.14% / +60.30% |
| Against Nifty 50, 1M / 3M / YTD | −13.66 / +2.45 / +51.29 points |
| 52-week closing high / low | Rs 464.00 (14 Oct 2026) / Rs 242.50 (23 Jan 2026) |
| Turnover, 20-session average | Rs 533.58 cr; 37.0% delivered; latest volume 0.8x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Bharat Heavy Electricals share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India