BHEL won its single largest order ever, which also happens be its 1st super-critical order from Pvt. IPP, worth Rs56bn for 3x660MW from JP Power for its Bara TPS in UP.
BHEL won its largest order, which also happens be its 1st super-critical (SC) order from Pvt. IPP worth Rs56bn for 3x660MW from JP Power. Apart from 4.5% add to backlog and improving visibility, key implications are a) BHEL gets closer to its indigenisation thresh-hold with order of 7 SC sets of 8-10 SC sets required, b) BHEL could also win an additional Rs35bn order in FY11E for phase II of this project being a supplier to the first phase and c) realization healthy @ Rs28mn / MW vs sub-critical @ Rs20mn / MW.
BHEL’s total order Backlog is +21% at Rs1.26tn, 1H Inflow weak to correct in 2H.