Bharat Heavy Electricals has secured a contract from Power Grid Corporation of India for a project valued between ₹600 crore and ₹900 crore. The state-owned company will handle the design, manufacturing, and commissioning of synchronous condensers for a transmission system in Gujarat.
The project involves installing two units of +300/-200 MVAR synchronous condensers at Kalyanpur. This infrastructure is intended to support the integration of power from renewable energy projects located in the Jam Khambhaliya renewable energy zone. Bharat Heavy Electricals received the order on behalf of the project special purpose vehicle company established by Power Grid Corporation.
The scope of work encompasses the entire lifecycle of the equipment, including engineering, supply, erection, and testing. According to the company, the project is expected to reach completion within a period of 35 months. Bharat Heavy Electricals operates as a central public sector undertaking and functions as a government-owned manufacturer of power generation equipment.
Based on company and agency reports. For information only; not investment advice.