BHEL gets Power Grid order worth Rs 600-900 crore for Barmer-II HVDC
BHEL told the NSE it has received a Notification of Award from Power Grid Corporation for two synchronous condensers at Barmer-II, valued at Rs 600 crore to Rs 900 crore.
Key points
- BHEL said in an NSE filing that Power Grid Corporation of India, for its project company, awarded it an order on 7 November 2026.
- The filing puts the project's value at Rs 600 crore to Rs 900 crore excluding GST, with 44 months allowed to execute it.
- BHEL says no promoter interest exists in the awarding entity and the order is not a related party transaction.
Bharat Heavy Electricals Limited (BHEL) said in a filing with the National Stock Exchange on 7 November 2026 that it has received an order from Power Grid Corporation of India Limited, acting for its project company, for two synchronous condensers at the Barmer-II HVDC Terminal Station. The filing puts the project's value at Rs 600 crore to Rs 900 crore, excluding GST.
What Happened
BHEL, a Government of India undertaking, disclosed the order under Regulation 30 of the SEBI listing rules. It said it had received a Notification of Award for establishing two +300/-200 MVAR synchronous condensers at the Barmer-II HVDC Terminal Station.
A synchronous condenser is a rotating machine that helps support voltage on a power grid. The filing describes the work as design, engineering, manufacturing, supply, erection, testing and commissioning.
The filing gives these terms:
- The order comes from a domestic entity, Power Grid Corporation of India Limited, described as a Government of India enterprise, on behalf of its Project SPV Company.
- The time allowed to execute the order is 44 months.
- The size of the order is given as a range, "Rs. 600 Cr. - Rs. 900 Cr. excl. GST", rather than as one figure.
- BHEL answered "No" when asked whether its promoter, promoter group or group companies have any interest in the entity that awarded the order.
- BHEL also answered "No" when asked whether the order is a related party transaction.
The filing is signed by a senior manager of the company secretary's department and is dated 7 November 2026.
What It Means
The filing shows that BHEL has added a new order to its work for the power transmission network. Because the company gives a value range and not a single figure, it is not possible to say from the filing exactly how much the order will add to its books. The filing also does not say when the 44-month period begins or how payments will be made.
The disclosure is a statement by the company about an order it has received. It does not say what the order will contribute to BHEL's revenue or profit in any particular year. Readers who want the full terms should read the company's filing with the National Stock Exchange. Complaints about listed companies can be made at https://scores.sebi.gov.in.
Oquilia Data: Bharat Heavy Electricals Ltd. (NSE: BHEL)
| Close, 6 Nov 2026 | Rs 418.80 (+0.17% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −7.35% / +2.61% / +8.51% / +45.69% / +61.05% |
| Against Nifty 50, 1M / 3M / YTD | −17.24 / +1.01 / +49.90 points |
| 52-week closing high / low | Rs 464.00 (14 Oct 2026) / Rs 242.50 (23 Jan 2026) |
| Turnover, 20-session average | Rs 554.28 cr; 37.3% delivered; latest volume 1.1x |
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