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The fresh orders involve supply of equipment (boiler, turbine and generator along with auxiliaries) and agreed services for the said projects, BHEL said in an exchange filing. View More
The state-owned engineering company received orders from the billionaire Gautam Adani-controlled firm for four projects with two 800-megawatt units each View More
The company has expansion plans and is increasingly focusing on nuclear power generation as part of its long-term energy strategy View More
As of September 30, 2026, BHEL's outstanding order book stood at ?2.58 trillion. Brokerages are upbeat on the stock, with ICICI Securities pegging a target price of over ?600 per share. View More
Bharat Heavy Electricals Limited has received orders from Adani Power Limited for four power projects. Each project has a capacity of 2x800 MW and is valued between Rs 5,000 crore to Rs 7,000 crore. The total contract value for all projects is estimated to be between Rs 20,000 crore and Rs 28,000 crore. The contracts involve the supply of equipment and services for the projects. View More
Bharat Heavy Electricals Limited (BHEL) has received orders from Adani Power Limited for four power projects, each with a capacity of 2x800 MW, with the total contract value estimated at Rs 20,000 crore to Rs 28,000 crore, excluding GST. According to a regulatory filing each of the four contracts is valued at Rs 5,000 crore to Rs 7,000 crore, excluding GST. The contracts involve the supply of equipment, including boilers, turbines and generators along with auxiliaries, as well as agreed services for all four projects. The orders have been awarded by a domestic entity, Adani Power, and are classified as domestic contracts. The execution timeline will be as per the customer's project requirements. BHEL also clarified that its promoter or promoter group companies have no interest in the entity awarding the contracts. The orders will not fall under related-party transactions , the company said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue. View More
Mumbai: Oil refiners expect healthy margins in the coming months as disruptions to refining capacity in West Asia and Russia, depleted fuel inventories, and tight product supplies continue to support global fuel prices . A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Also Read: Gulf Oil eyes market leadership in India, global expansion to drive next growth phase Reliance Industries (RIL), Bharat Petroleum Corporation ( BPCL ), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue. However, higher crude premiums, freight and insurance costs, along with domestic fuel pricing constraints, could limit their gains. Live Events RIL said global refining runs had declined to around 79% against 82% pre conflict, while diesel and gasoline inventories remained below their five-year averages. Refinery outages, which had reached nearly 11.8 million barrels per day at their peak, were still estimated at 4-5 million barrels per day, supporting product prices. "These factors, combined with uncertainty around Russian refinery operations and Chinese product exports, are expected to keep refining margins supported," RIL said. ET Bureau Also Read: India's top gas importer sets eyes on US LNG under long-term deal with Qatar RIL's oil-to-chemicals (O2C) business emerged as the biggest driver of its fiscal Q2 earnings, reporting a 68% surge in Ebitda to a record Rs 25,203 crore. O2C revenue grew 44% to Rs 231,601 crore, led by high energy prices. The geopolitical impact is particularly visible in product cracks. Gasoline cracks had nearly tripled year-on-year (YoY), while diesel cracks were around 3.5 times and ATF cracks 3.7 times their levels in Q2 last year. Cracks are the price difference between a barrel of crude oil and the refined product. Gasoline cracks increased from an average of $8.4 per barrel to nearly $25 per barrel, while gas oil cracks rose from $18.7 to $65.8 and ATF cracks from $16 to $59.3. Following the onset of West-Asia conflict towards the end of February 2026, global crude oil prices witnessed a 41% YoY rise in crude oil prices and a 50-78% jump in transportation fuel prices. The Indian basket crude price, which averaged around $65 to $70 per barrel in February remained above the $100 per barrel mark during most of Q1 FY27. During Q2, however, crude oil prices remained relatively moderate, with the Indian average basket largely ranging between $85 to $95 per barrel during July and August before witnessing renewed upward pressure and escalating geopolitical tension in September. Refiners also diversified their sourcing from geographies like Russia, Americas, Venezuela, Brazil and even some from African countries, thereby ensuring continuity of crude oil imports. This flexibility helped them maintain record crude processing levels-above 100%-despite shipping disruptions. State-run BPCL reported a gross refining margin (GRM) of $32.53 per barrel in the September quarter, which declined to around $14 per barrel after adjusting for the special additional excise duty (SAED). VRK Gupta, director of finance, BPCL, said the company's refining performance was supported by strong diesel and ATF cracks. During Q2, BPCL's refineries processed 10.4 million tonnes of crude, operating at 117% of their combined capacity. However, higher crude freight costs and the loss of discounts on Russian crude weighed on margins compared with Q1. State-run HPCL also reported a sharp recovery in refining profitability, with its GRM rising to $32.15 per barrel before SAED in the September quarter, compared with $8.79 per barrel in the previous financial year. IOCL's GRM stood at $36.67 per barrel and after adjusting SAED, it was around $18.52 per barrel. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Deal covers 330KTL string and next-gen WP-506KTL grid-forming inverters for delivery in FY28 View More
NTPC, the country's largest power generation company, is gearing up to add 58 gigawatt of installed capacity to reach 149 gigawatt by 2032, its Chairman Gurdeep Singh said on Tuesday.
The new capacities will be of various sources including renewables, Singh said addressing the KPMG ENRich 2026 event here.
Speaking at a session, he also shared NTPC's plans for the nuclear sector.
At present, NTPC has an installed power generation capacity of 91 gigawatt (GW), Singh said adding that by 2032, the company would be reaching 149 GW.
"We have very clear direction...now going fast in nuclear capacity addition. Of the 250 GW capacity targeted for the year 2037, the plan of about 30 GW nuclear," Singh noted.
NTPC has finished feasibility studies for proposed nuclear capacities in Madhya Pradesh, Bihar and Odisha, and will scout for more locations in other states, as per sources.
Speaking further on the domestic power sector, the chairman said it is showing resilience against the ongoing gl View More
NTPC aims to add 58 gigawatts of power generation capacity, reaching 149 gigawatts by 2032. The company's growth will include various energy sources, notably in the nuclear sector. Currently, NTPC's installed capacity stands at 91 gigawatts, with significant nuclear projects underway. India shows resilience in its power sector despite global challenges and rising energy demands. October witnessed a 21 percent increase in power demand, underscoring the sector's robust performance. View More
New Delhi: NTPC , the country's largest power generation company, is gearing up to add 58 gigawatt of installed capacity to reach 149 gigawatt by 2032, its Chairman Gurdeep Singh said on Tuesday. The new capacities will be of various sources including renewables, Singh said addressing the KPMG ENRich 2026 event here. Speaking at a session, he also shared NTPC's plans for the nuclear sector. At present, NTPC has an installed power generation capacity of 91 gigawatt (GW), Singh said adding that by 2032, the company would be reaching 149 GW. "We have very clear direction...now going fast in nuclear capacity addition. Of the 250 GW capacity targeted for the year 2037, the plan of about 30 GW nuclear," Singh noted. Live Events NTPC has finished feasibility studies for proposed nuclear capacities in Madhya Pradesh, Bihar and Odisha, and will scout for more locations in other states, as per sources. Speaking further on the domestic power sector, the chairman said it is showing resilience against the ongoing global challenges. "Despite all kind of turmoils across the globe, in India we have not seen surge in energy prices. I think in India we have not seen that type of surge like we have noticed in other parts of the world," he said. This year, as far as the power demand is concerned in October, the increase has been 21 per cent and it is increasing every month, he noted. Under Ministry of Power, NTPC is India's largest power generation company catering to the country's one-fourth energy demand alone. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)