BHEL Secures LOI from Hindalco for BTG Package in Odisha
Filing Summary
Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) from Hindalco Industries Limited for the design, engineering, and supply of a 2 x 150 MW BTG Package. The project is part of the Aditya Expansion Project Phase II at Aditya Aluminium in Odisha. The contract, valued between INR 1200-1500 Crores excluding GST, is scheduled for completion within 35 months for Unit 1 and 37 months for Unit 2. The order does not involve any related party transactions.
Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) from Hindalco Industries Limited. The LOI, dated February 3, 2026, pertains to the design, engineering, and supply of equipment for a 2 x 150 MW BTG Package. This package is part of the Aditya Expansion Project Phase II at Aditya Aluminium, located in Lapanga, Sambalpur, Odisha.
The contract involves the design, engineering, manufacture, supply, unloading, storage, erection, commissioning, and performance guarantee test of the BTG Package, excluding civil work. The project is to be executed within 35 months for Unit 1 and 37 months for Unit 2 from the effective date of the contract, which is the date of the LOI. The order is valued at approximately INR 1200-1500 Crores, excluding GST.
The order has been awarded by a domestic entity, and there are no related party transactions involved. The promoter or promoter group of BHEL does not have any interest in Hindalco Industries Limited.
Hindalco Industries Limited is a leading player in the aluminium and copper sectors. The company focuses on expanding its production capabilities and enhancing its operational efficiencies through strategic projects like the Aditya Expansion Project.
Bharat Heavy Electricals Limited is a prominent engineering and manufacturing company in India. It specializes in providing comprehensive solutions for power generation, transmission, and industrial applications. BHEL continues to focus on expanding its project portfolio and strengthening its position in the domestic market.