New Delhi, February 8, 2025 – Bharat Heavy Electricals Limited (BHEL) has received a Letter of Award (LoA) from Maharashtra State Power Generation Company Limited (MAHAGENCO) for the 2x660 MW Boiler-Turbine-Generator (BTG) package at the Koradi Thermal Power Station in Nagpur, Maharashtra.
Key Contract Details
- Awarding Entity: Maharashtra State Power Generation Company Limited (MAHAGENCO)
- Scope of Work: Supply, erection, commissioning, and civil works for BTG package of Units 11 & 12 (2x660 MW).
- Contract Value: Approximately ₹8,000 crore (excluding GST).
- Contract Type: Domestic order under Local Competitive Bidding.
- Execution Timeline:
- Unit-11: To be completed within 52 months from the LoA date.
- Unit-12: To be completed within 58 months from the LoA date.
Significance & Strategic Outlook
This contract reinforces BHEL’s position as a leading supplier of power generation equipment in India. The Koradi Thermal Power Project is expected to contribute significantly to Maharashtra’s power capacity, supporting industrial and residential demand.Since BHEL is a Central Public Sector Enterprise (CPSE) and MAHAGENCO is a Government of Maharashtra Undertaking, this order does not classify as a related-party transaction.
This order is expected to bolster BHEL’s order book and contribute positively to the company's long-term financial performance.