Bharat Heavy Electricals Limited — Important, 25-11-2024: Updates

Bharat Heavy Electricals Limited (BHEL) has secured a significant contract from Power Grid Corporation of India Limited to develop High Voltage Direct Current (HVDC) terminal stations at Khavda and Nagpur. This project will facilitate the evacuation of renewable energy from the Khavda region in Gujarat, contributing to India's 500GW renewable energy transmission plan.

The contract involves a consortium with Hitachi Energy India Limited and signifies a major advancement, being the first HVDC project awarded through a tariff-based competitive bidding process. The project entails the design and execution of +800kV, 6000MW, 1200km HVDC terminal stations, with an execution timeline set for completion by 2029. Given the increasing focus on renewable energy infrastructure, this development presents a positive outlook for BHEL, aligning with the broader trend towards sustainable energy solutions.