The “Industry” business, rather than “Power”, dominated BHEL’s order inflow during Q1 of FY24.
During the first quarter (Q1: April to June) of FY23, BHEL’s total order inflow was Rs.15,600 crore, out of which the share of the “Industry” business was over 90 per cent. Within the industry business, it was a huge order from the Indian Railways that bolstered the order inflow.
While the power sector saw order inflow of Rs.1,281 crore accounting for 8.2 per cent of the total, the exports business had a very insignificant share. (See table)
The Indian Railways order mentioned above was won in consortium with Titagarh Rail Systems Ltd (TRSL) and pertained to the supply and 35 years’ maintenance of 80 Vande Bharat trainsets. In its entirety, the contract is worth Rs.24,000 crore, not all of which was booked during the quarter under study.
In the power transmission sector, which is also part of BHEL’s “Industry” business, BHEL booked an order for supply of a 50MVA, 220kV/6.9kV station transformer along with neutral grounding reactor and neutral grounding transformer, apart from supply of 166.7 MVA interconnecting transformers (ICTs)
Though BHEL did not receive significant export orders, in value terms, it won an order for the supply of valve spares from Spain – its first order from this European country. BHEL’s international footprint now spans 89 countries.
Among notable developments in the conventional power generation equipment sector – BHEL’s traditional forte – India’s first indigenously-developed 700 MW PHWR (Pressurized Heavy Water Reactor) nuclear power reactor at Kakrapar atomic power project (KAPP) in Gujarat, started commercial operations. BHEL was actively involved with the supply of equipment on both primary and secondary side. This included including TG package, steam generators, reactor headers, generator transformer, PCP motors, C&I systems, etc.
Also read: BHEL Extends Technical Partnership With GE For Gas Turbines
Order book position
As of June 30, 2023, BHEL’s outstanding order book position was Rs.1,01,461 crore. Of this, 68.2 per cent was accounted for by the power sector, followed by industry with 27.4 per cent and exports with 4.4 per cent.
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