New Delhi, November 5: Bharat Heavy Electricals Limited (BHEL) has secured four major orders from Adani Power Limited for thermal power projects with a combined generation capacity of 6,400 megawatts (MW). The contracts have a combined estimated value of ₹20,000 crore to ₹28,000 crore, representing a substantial addition to the state-owned engineering company’s power equipment business.
BHEL announced the orders on November 4. According to its stock exchange disclosure, each contract is valued between ₹5,000 crore and ₹7,000 crore, excluding Goods and Services Tax (GST). The combined estimate is based on the value range disclosed for each of the four contracts.
Each project will have two 800 MW power generation units, giving it a total capacity of 1,600 MW. Together, the four projects will have a planned thermal power generation capacity of 6,400 MW.
Under the contracts, BHEL will supply boilers, turbines, generators and auxiliary equipment, along with services agreed upon with Adani Power. These components form the core of a thermal power plant, where steam produced in boilers drives turbines connected to generators that produce electricity.
BHEL said the contracts would be executed according to Adani Power’s project requirements. However, its November 4 announcement did not identify the locations of the four projects or specify their individual completion schedules.
The orders cover the supply of equipment and associated services for the proposed power projects. They do not indicate that construction has been completed or that the plants have begun generating electricity.
BHEL is one of India’s major manufacturers of power generation equipment. According to the company, it has supplied more than 214 gigawatts (GW) of power generation equipment worldwide.
The company also reported that, at the end of the 2025-26 financial year, its equipment accounted for 54% of India’s utility-scale thermal power capacity. Its share stood at 60% of nuclear power capacity on the secondary side and 43% of hydropower capacity.
Overall, BHEL said its equipment represented 53% of India’s utility-scale conventional power generation capacity. These figures refer to installed capacity associated with BHEL-supplied equipment rather than the company’s share of electricity generated.
The latest orders add to BHEL’s thermal power equipment business and extend its commercial relationship with Adani Power, one of India’s major private electricity producers.
In its announcement, BHEL attributed the contracts to Adani Power’s continued confidence in its ability to supply equipment for large thermal power projects. The company also highlighted its role in domestic manufacturing and the expansion of India’s power infrastructure.
In its regulatory disclosure, BHEL confirmed that the orders were domestic contracts and did not involve related-party transactions. It also stated that its promoter or promoter group companies had no interest in the entity awarding the contracts.
BHEL has not specified when equipment deliveries will begin or when its contractual obligations for the four projects are expected to be completed. The company said execution would follow Adani Power’s project requirements.
Read also: Centre Allows Assam Gas Pipeline to Share 37.7-Km ONGC Corridor in Sivasagar, Jorhat
Read also: India’s coal mines produce 42% more coal in October as supplies to industries also rise
