BHEL Receives High-Value LOI for Odisha Thermal Project, INR 1,200

New Delhi: February 4, 2026: Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent (LOI) from Hindalco Industries Limited for the Aditya Expansion Project Phase II at Lapanga, Sambalpur, Odisha. The LOI covers the design, engineering, supply, installation, commissioning, and Performance Acceptance Test (PAT) of a 2 × 150 MW Boiler-Turbine-Generator (BTG) package.

The project is a domestic contract with an estimated order value of INR 1,200–1,500 crores excluding GST. BHEL is expected to commission Unit 1 within 35 months and Unit 2 within 37 months from the effective date of the contract. Civil works are excluded from this scope.

Key Highlights of the LOI

Contracting Entity: Hindalco Industries Limited (Domestic)
Scope of Work: Design, engineering, manufacture, supply, erection, commissioning, and performance testing of 2 × 150 MW BTG units
Execution Timeline: 35 months for Unit 1, 37 months for Unit 2
Order Value: Approx. INR 1,200–1,500 crores (excluding GST)
Related Party Disclosure: No interest of promoter group; not a related-party transaction

Significance for BHEL and the Power Sector

Strengthens BHEL’s leadership in domestic BTG supply and EPC execution for thermal power projects.
Contributes to Odisha’s power capacity expansion, supporting industrial growth and energy security.
High-value LOI highlights continued reliance on Indian PSUs for critical power infrastructure.