BHEL share price increased by more than 3% during Friday’s trading session following the announcement made on March 28 that the state-owned firm has received a Letter of Intent (LoI) from the Chhattisgarh State Power Generation Company (CSPGCL) for the Engineering, Procurement, and Construction (EPC) package for the 2×660 MW Korba West Supercritical Thermal Power Plant (STTP).

The initiative, estimated at around ₹11,800 crore, is situated at the Hasdeo Thermal Power Station in the Korba district of Chhattisgarh. The project includes the provision of supercritical equipment such as the boiler, turbine, generator, and related auxiliaries, as well as the electrical, Control & Instrumentation (C&I), and Balance of Plant (BoP) packages.

BHEL will also handle the erection and commissioning tasks, in addition to civil works. Commercial operations for the project are expected to commence within 60 months.