BHEL Bags Adani Power Orders Worth Up to ₹28,000 Crore for Four Thermal Projects

Image - Flickr/ Gaurav Virdi

State-owned Bharat Heavy Electricals Ltd (BHEL) has secured four major thermal power project orders from Adani Power, with the combined contract value estimated between ₹20,000 crore and ₹28,000 crore (excluding GST). Each project is valued at ₹5,000-7,000 crore and involves 2x800 MW units.

Under the agreement, BHEL will supply critical equipment, including Boilers, Turbines and Generators, along with the required auxiliaries and associated services, for four projects with a capacity of 2x800 MW each. The contracts will be executed in accordance with the specific requirements of the customer’s projects. With a total capacity of 6,400 MW, this order reflects the customer’s continued confidence in BHEL’s proven project execution capabilities.

Key Highlights

• 4 projects awarded by Adani Power.
• Capacity: 2x800 MW per project, totaling 6,400 MW.
• Order value: ₹20,000-28,000 crore (excluding GST).
• Scope: Supply of boiler, turbine and generator (BTG) equipment, auxiliaries, and associated services.
• Nature of contracts: Domestic projects to be executed according to Adani Power's project requirements.

Why It Matters

The order is one of BHEL's largest recent wins and strengthens its position in India's thermal power equipment market while supporting Adani Power's expansion plans. The four projects together represent 6.4 GW of new power-generation capacity.

At the end of FY 2025-26, BHEL reinforced its market dominance by maintaining a 54% share in utility-scale thermal capacity, 60% in nuclear (secondary side), and 43% in hydro power across the country. In total, BHEL accounts for 53% of India's overall utility-scale conventional power generation capacity.