BHEL wins ₹600–900 crore Power Grid order for Barmer project
India's BHEL has received a Power Grid award worth ₹600–900 crore, excluding GST, to supply synchronous condensers for the Barmer-II HVDC station.
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what happened
Bharat Heavy Electricals (BHEL) said in a regulatory filing dated November 7 that it received a Notification of Award from Power Grid Corporation of India. The award, placed on behalf of a project special purpose vehicle, covers two synchronous condenser units rated +300/–200 MVAR each at the Barmer-II HVDC Terminal Station in Rajasthan.
The project is valued at ₹600–900 crore excluding GST, and BHEL has 44 months to complete it. Its scope includes design, engineering, manufacturing, supply, erection, testing and commissioning. BHEL classified the deal as a domestic order and said promoters have no interest in the awarding entity.
why it matters
Synchronous condensers help keep voltage stable and manage reactive power on high-voltage direct current lines, so orders like this reflect steady spending on grid infrastructure. For BHEL, the contract adds to its order book, though its size is modest relative to the company as a whole.
market impact
BHEL: new order adds to the backlog, supporting interest in the stock.
- BHEL shares pressure up — new contract adds to the order book and signals multi-year workload
tags
instruments
sources
- BHEL bags ₹600-900 crore order from Power Grid for Barmer project — TradingView, 7 November 2026 at 10:59 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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