Order Win
BHEL Receives Limited Notice to Proceed for 1×800 MW Durgapur Supercritical Thermal Power Project from DVC
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Bharat Heavy Electricals Limited (BHEL) has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC), Kolkata, for the 1×800 MW Durgapur Supercritical Thermal Power Project. The LNTP enables BHEL to commence advance engineering and procurement of critical long-lead equipment, while the full main plant package order is expected to be awarded after completion of the LNTP phase.
PRICE-SENSITIVE TRIGGER
Event: Receipt of Limited Notice to Proceed (LNTP) for the 1×800 MW Durgapur Supercritical Thermal Power Project.
Type: Order Win / Project Initiation
Impact: Positive
Immediate Effect: The LNTP authorizes BHEL to initiate advance engineering activities and ordering of critical long-lead items for the project, securing an early execution role in a major thermal power development.
Key Metrics:
- Project Capacity: 1×800 MW
- Project Type: Supercritical Thermal Power Station
- LNTP Value: Over ₹90 crore (excluding GST)
- Execution Period (LNTP): 10 months
- Awarding Authority: Damodar Valley Corporation (DVC), Kolkata
Highlight:
- Entry into Major Thermal Project: BHEL has secured an LNTP worth over ₹90 crore for a large-scale 800 MW supercritical thermal power project, with the larger EPC/main plant package expected to follow.
What Happened ?
BHEL announced that it has received a Limited Notice to Proceed (LNTP) from Damodar Valley Corporation (DVC) for the Main Plant Package of the 1×800 MW Durgapur Supercritical Thermal Power Station.
The LNTP permits the company to commence advance engineering and procurement of critical long-lead equipment required for the project. BHEL had emerged as the successful bidder for the Boiler, Turbine and Generator (BTG) package under DVC’s tender process.
The company stated that the final order for supply and execution of the main plant package is expected to be awarded upon completion of the LNTP phase.
Key Details
Durgapur Supercritical Thermal Power Project:
- Damodar Valley Corporation (DVC), Kolkata, has issued the LNTP to BHEL.
- BHEL was the successful bidder for the Main Plant Package comprising Boiler, Turbine and Generator systems.
- The project relates to the development of a 1×800 MW Durgapur Supercritical Thermal Power Station.
- LNTP allows commencement of advance engineering activities.
- BHEL is authorized to order critical long-lead equipment required for project execution.
- The LNTP was issued on June 10, 2026.
- The LNTP phase has an execution timeline of 10 months.
- The full order for supply and execution of the Main Plant Package is expected after completion of the LNTP stage.
- The tender was conducted under an international competitive bidding process.
- Both BHEL and DVC are public sector undertakings.
Note:
- The LNTP secures BHEL’s participation in the project and de-risks procurement timelines, while the larger project order remains pending formal award after completion of the current stage.
Risk Analysis
Summary:
- While the LNTP has been issued, the complete main plant package contract is yet to be formally awarded.
Key Risks:
- The current authorization is limited to advance engineering and procurement activities.
- Final supply and execution order remains subject to future award by DVC.
- Revenue realization from the larger package depends on successful conversion of the LNTP into a full contract.
- Thermal power projects are subject to execution, regulatory and scheduling risks.
- Delays in project approvals or ordering schedules could affect timelines.
Worst Case Scenario:
- If the full main plant package is delayed or not awarded after the LNTP period, BHEL’s opportunity would remain limited to the currently approved scope.
Risk Level: Medium
Company Commentary
- BHEL has received an LNTP from DVC for the Durgapur 1×800 MW Supercritical Thermal Power Project.
- The authorization covers advance engineering and procurement of critical long-lead items.
- BHEL emerged as the successful bidder for the Main Plant Package.
- The company expects the full supply and execution order to be awarded after completion of the LNTP phase.
- The project was awarded through international competitive bidding.
Official Exchange Filing: Bharat Heavy Electricals Limited