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Bharat Heavy Electricals Ltd (BHEL), a state-owned company, announced on Tuesday that it had received an order from power giant NTPC to build a 1,600 MW Singrauli thermal power plant (Stage-II).
In a regulatory filing, BHEL stated that the order is worth about ₹9,500 crore (without GST). The engineering firm anticipates that Unit 1 will be completed in 50 months and Unit 2 in 54 months.
According to the statement, the order covers civil works, equipment delivery, erection, and commissioning. As BHEL was the only bidder, the BSE on Monday requested clarity about reports that the company had won this deal.
"BHEL has received an order from NTPC for setting up the Singrauli Super Thermal Power Project, Stage-III (2x800 MW) in Sonebhadra District, Uttar Pradesh," it stated.
The company later clarified to BSE that it had submitted a price bid on December 21, 2023, and is the only bidder for the mentioned NTPC tender, which is an activity in the normal course of business.
Submission of a bid does not result in automatic bagging of an order; therefore, it had pointed out that it is not required to be informed under Regulation 30 of the SEBI Listing Regulations, 2015.
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