BHEL wins Adani Power equipment orders worth $3 billion

Bharat Heavy Electricals has won equipment contracts worth as much as 280 billion rupees ($3 billion) from Adani Power, covering four power projects of two 800-megawatt units each.

Why it matters: The orders add 6,400 megawatts of coal-fired equipment work to the state-owned manufacturer's book and show India's largest private power producer still spending on new thermal capacity.

Data as of Bloomberg report of November 4, 2026, read in this run; the accessible text ends at a registration wall, so no share-price figure or analyst comment could be verified. Order details are attributed in the report to a company statement issued Wednesday, which was not obtained directly in this run. Single publisher so far. Developing item.

Bharat Heavy Electricals Ltd., the state-owned power equipment manufacturer, has secured contracts worth as much as 280 billion rupees ($3 billion) to supply equipment to Adani Power Ltd., Bloomberg reported, citing a company statement issued on Wednesday. The orders cover four projects, each with two 800-megawatt units, for 6,400 megawatts in total, and each contract is valued at between 50 billion and 70 billion rupees.

BHEL shares rose on the announcement, according to the report, though the size of the move was not in the accessible text. Adani Power, controlled by Gautam Adani, is India’s largest private thermal power producer, and the orders add to a run of private-sector spending on new generating capacity.

BHEL wins Adani Power equipment orders worth $3 billion

Sources