Varun Aggarwal

Bharat Heavy Electricals Limited (BHEL) has significantly strengthened its order book by securing a major Engineering, Procurement and Construction (EPC) contract worth over ₹21,000 crore (excluding GST) from Meja Urja Nigam Private Limited (MUNPL). The award relates to the development of the 3x800 MW Meja Supercritical Thermal Power Project (STPP) Stage-II located in Prayagraj, Uttar Pradesh.

The project has been awarded through an International Competitive Bidding process, underscoring BHEL's strong competitiveness in executing large-scale power generation projects. The contract covers the complete EPC package, including design, engineering, manufacturing, supply, construction, er****on, testing, and commissioning of the thermal power facility.

MUNPL, the awarding entity, is a joint venture between NTPC Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The project represents one of the largest thermal power orders secured by BHEL in recent years and reinforces the company's leadership position in India's power equipment and EPC sector.

As per the terms of the contract, the Completion of Facilities (COF) for the EPC package is scheduled within 70 months from the date of the Notification of Award. The project is expected to contribute significantly to Uttar Pradesh's power generation capacity while supporting India's growing electricity demand through high-efficiency supercritical technology.

The order provides strong long-term revenue visibility for BHEL and is expected to enhance its ex*****on pipeline over the coming years. The company continues to benefit from increasing investments in power infrastructure and the government's focus on strengthening domestic generation capacity to support economic growth.

BHEL clarified that the contract does not constitute a related-party transaction. While MUNPL is a joint venture between NTPC and UPRVUNL, BHEL is acting solely as the executing agency for the project. The company also confirmed that the order was received in the normal course of business.

This landmark order further consolidates BHEL's position as India's premier power equipment manufacturer and EPC contractor. The win highlights the company's proven ex*****on capabilities, technological expertise in supercritical thermal power projects, and its critical role in supporting the nation's energy infrastructure development.