Deals8 Jan 2026, 05:51 pm
Bharat Heavy Electricals Ltd Receives INR 5400 Crores Order from Joint Venture Company BCGCL
AI Summary
Bharat Heavy Electricals Limited (BHEL) has received an order from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture company of BHEL and Coal India Limited (CIL). The order is for Design, Engineering, Supply of equipment, Civil works, Erection, Commissioning and O&M Services for LSTK 1 Package of BCGCL's Coal to 2000 TPD Ammonium Nitrate Project at Lakhanpur, Jharsuguda District, Odisha, India. The approximate value of the order is INR 5400 Crores excluding GST. The order is expected to be executed within 42 months from the date of LOA, with O&M Services for 60 months from Preliminary Acceptance.
Key Highlights
- Order value is approximately INR 5400 Crores excluding GST.
- Order is for Coal Gasification & Raw Syngas Cleaning Plant (LSTK 1 Package) of BCGCL's Coal to 2000 TPD Ammonium Nitrate Project.
- Execution period is 42 months from date of LOA, with O&M Services for 60 months from Preliminary Acceptance.
- BHEL is one of the promoter companies of BCGCL and the Executing agency for the contract.
- Order falls within related party transactions and is done at ‘arms length’.