BHEL Secures Major SAIL Captive Power Plant Contract

Bharat Heavy Electricals Limited (BHEL) has received a Letter of Acceptance from Steel Authority of India Limited (SAIL) on February 17, 2026.

The contract covers the Captive Power Plant (CPP) Package No. CPP-1 for SAIL's 4.08 MTPA Cold Strip (CS) expansion at IISCO Steel Plant, Burnpur. Scope includes design, engineering, manufacture, supply, transportation, unloading, storage, erection, commissioning, and performance guarantee tests on a turnkey basis, excluding civil works.

This domestic, global tender award is valued between ₹1,200-1,500 crore (excluding GST), with commissioning targeted within 39 months from the contract's effective date.

Shares of Bharat Heavy Electricals Limited was last trading in BSE at Rs. 262.80 as compared to the previous close of Rs. 262.50. The total number of shares traded during the day was 501718 in over 4363 trades.

The stock hit an intraday high of Rs. 265.10 and intraday low of 261.00. The net turnover during the day was Rs. 132060228.00.

Source : Equity Bulls

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