Core Announcement – Order Details

Awarding Entity: Bharat Heavy Electricals Limited (BHEL)

Domestic/International Order: Domestic

Nature of Order/Contract:

Design, engineering, supply, erection, testing, pre-commissioning, trial runs operations, operator training, demonstration of performance guarantee, supply of spares and handing over, all on a turnkey basis for a Cryogenic Air Separation Unit (ASU). The ASU is for the proposed Coal to Ammonium Nitrate (2000 TPD) Project at Bandhabal, Jharsuguda district, Odisha, India. The capacity of the ASU is 1200 TPD.

Order Value:

₹480.73 crores (excluding GST)

Materiality Context: Not Specified

Execution Timeline:

24 months from date of award (September 28, 2026)

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No

Financial Implication: Not Specified