Bharat Heavy Electricals Limited has informed the Exchange about Bagging/Receiving of orders/contracts

BHEL has received a Letter of Acceptance worth approximately INR 5,400 Crores (excluding GST) from Bharat Coal Gasification and Chemicals Limited (BCGCL), a joint venture of Coal India Limited (51%) and BHEL (49%). The order covers design, engineering, supply of equipment, civil works, erection, commissioning, and O&M services for the Coal Gasification and Raw Syngas Cleaning Plant (LSTK 1 Package) of BCGCL's Coal to 2000 TPD Ammonium Nitrate Project at Lakhanpur, Odisha. The project involves 42 months for commissioning and performance guarantee, followed by 60 months of O&M services. The order is a related party transaction, awarded on a domestic nomination basis at arms length, and is roughly 20-25% of BHEL's annual revenue based on recent financials.