Bharat Heavy Electricals Limited (BHEL) has received an order from Power Grid Corporation of India Limited, a Government of India enterprise, acting on behalf of its Project SPV Company, for the establishment of two +300/-200 MVAR synchronous condensers at the Barmer-II HVDC Terminal Station.
The project is valued at Rs 600 crore to Rs 900 crore, excluding GST. BHEL has received a Notification of Award (NOA) for the work, which is to be executed over a period of 44 months.
The scope of work covers design, engineering, manufacturing, supply, erection, testing and commissioning of the two synchronous condensers, each rated +300/-200 MVAR, at the Barmer-II HVDC Terminal Station.
The order has been placed by a domestic entity. BHEL has stated that its promoter, promoter group and group companies hold no interest in the awarding entity, and that the order does not fall within related party transactions.
