State-owned power equipment maker BHEL on Monday said it has bagged over Rs 5,000 crore contract for executing a thermal power project in Telangana.

“Telangana State Power Generation Corporation (TSGENCO) has awarded Bhel with an EPC (Engineering, Procurement and Construction) order for setting up a 1,080 MW thermal power plant in the state,” BHEL said in a statement.

The government has firmed up a list of PSUs to be divested next fiscal, starting with BHEL in April, in a bid to meet the Rs 41,000 crore stake sale target for 2015-16.

Official sources said the Disinvestment Department has completed overseas roadshows for BHEL stake sale in London, Singapore and Hong Kong.

State-run BHEL has commissioned another 660 MW super-critical or energy efficient unit of NTPC's Barh thermal power project in Bihar.

Meanwhile, the company said it is currently executing orders for 36 sets of super-critical boilers and 31 sets of super-critical turbine generators, which are in various stages of execution.

In January, state-owned Bharat Heavy Electricals Ltd (BHEL) said it was looking for partners to manufacture mounted gun systems for the armed forces. The Indian Army is expected to hand out a contract for such guns in the near future, and BHEL needs a technology partner to participate in the bid. The order is expected to be worth Rs 50,000 crore. A month earlier, it had formed a consortium with two other state-owned companies, Mishra Dhatu Nigam and Hindustan Shipyard, to build submarines indigenously. The consortium plans to jointly bid for the proposed P-75 (I) project of the Indian Navy, under which six submarnies will be built at an Indian shipyard at a total cost of Rs 51,000 crore.

Shares of Bharat Heavy Electricals Limited (BHEL) were trading lower by 3% at Rs 260 on NSE after reporting a disappointing set of numbers for the quarter ended December 2014 (Q3).

The stock opened at Rs 251 and has seen a combined 5.89 million shares changing hands on the counter till 1024 hours on NSE and BSE.

NTPC BHEL Power Projects Private Limited (NBPPL) today signed a memorandum of understanding (MoU) with APGenco for supply of spare parts for coal and ash handling plants and other equipment required by the Andhra Pradesh power utility’s thermal power plants.

It may be recalled that the joint venture company, NBPPL, was set up by the two public sector Maharatna companies to establish a power plant components manufacturing facility at Mannavaram in Chittoor district of Andhra Pradesh.

With uncertainty looming large over disinvestment in Oil and Natural Gas Corporation Limited (ONGC) and Coal India, the government is exploring options to sell stake in Indian Oil Corporation (IOCL), Bharat Heavy Electricals (BHEL), National Aluminum Company (Nalco) and NMDC.

At a time when meeting the Budget target of Rs 58,000 crore for the current financial year seems difficult, this stake sale would fetch the government about Rs 18,000 crore (Rs 8,100 crore from IOC; Rs 3,500 crore from BHEL; Rs 1,230 crore from Nalco; and Rs 5,426 crore from NMDC).

State-owned Bharat Heavy Electricals Limited (BHEL) has bagged a contract from the Karnataka Power Corporation Limited (KPCL) for setting up a Combined Cycle Power Plant (CCPP), valued at Rs 1,202 crore on engineering, procurement and construction (EPC) basis. The contract involves supply and commissioning of a fuel-efficient Advanced-class Gas Turbine.

State-owned Bhel has bagged a Rs 3,810 crore contract from Telangana for setting up the newly formed state's first thermal power project.

"Valued at Rs 3,810 crore, the order is for setting up the 800 MW supercritical thermal power plant on EPC (engineering, procurement & construction) basis at Kothagudem in Khammam District of Telangana," Bhel said in a statement.

A day after the government spent time with industry to promote its Make in India initiative, state-owned Bharat Heavy Electricals Ltd (BHEL) announced a foray into submarine manufacturing.

Better known for its power business, BHEL has tied up with Mishra Dhatu Nigam and Hindustan Shipyard (HSL), both government-owned, to form a consortium for building submarines.

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