StockWatch
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Iron & Steel Products
Deals19 Sept 2026, 02:30 pm

Panchmahal Steel is L1 Bidder for ₹38.70 Cr BHEL Order

AI Summary

Panchmahal Steel Limited has been declared the Lowest Bidder (L1) in a bid floated by Bharat Heavy Electricals Limited (BHEL) through the Government e-Marketplace (GeM) Portal. The potential order, valued at approximately ₹38.70 crores, is for the supply of SS Wire to BHEL's Boiler Auxiliaries Plant. This intimation signifies a significant business opportunity, though it is subject to the final issuance of a Letter of Award by BHEL.

Key Highlights

  • Panchmahal Steel is L1 bidder for a BHEL contract.
  • The potential order value is approximately ₹38.70 crores.
  • The contract involves supplying SS Wire to BHEL.
  • L1 status is subject to the final Letter of Award.